HomeNewsBusinessEarningsBank of India may post Q1 loss at Rs 75 cr, slippages key

Bank of India may post Q1 loss at Rs 75 cr, slippages key

Analysts say if slippages fall (from Rs 6,915 crore in Q4FY17), net interest margin comes above 2.2 percent and gross non-performing assets decline (from 13.22 percent in Q4FY17) then that will be positive.

August 07, 2017 / 17:16 IST
Story continues below Advertisement

Public sector lender Bank of India is expected to narrow its losses to Rs 75.5 crore in the quarter ended June 2017, from Rs 741.4 crore in same quarter last year.

Net interest income, the difference between interest earned and interest expended, may grow 10.9 percent to Rs 3,077.5 crore from Rs 2775 crore on year-on-year basis, according to average of estimates of analysts polled by CNBC-TV18.

Story continues below Advertisement

Analysts say if slippages fall (from Rs 6,915 crore in Q4FY17), net interest margin comes above 2.2 percent and gross non-performing assets decline (from 13.22 percent in Q4FY17) then that will be positive.

first published: Aug 7, 2017 05:16 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!