HomeNewsBusinessEarningsBank of India Q2 net fell 20.4% on higher provisions
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Bank of India Q2 net fell 20.4% on higher provisions

State-owned Bank of India’s second quarter (July-September) net profit dropped by more than 20% year-on-year to Rs 491 crore on the back of higher provisioning due to rise in non-performing assets (NPAs). A CNBC-TV18 poll expected net profit at Rs 603 crore. Provisions for NPAs almost trebled from Rs 286 crore to Rs 824 crore Y-o-Y.

November 08, 2011 / 18:09 IST
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Moneycontrol Bureau


State-owned Bank of India
first published: Nov 8, 2011 06:01 pm

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