Bank of India Q2 profit seen down 99% to Rs 17 cr; slippages key to watch out for

Public sector lender Bank of India's second quarter profit is expected to fall sharply by 98.7 percent to Rs 16.6 crore compared with Rs 1,268.4 crore in year-ago.

Net interest income, the difference between interest earned and interest expended, may grow only 0.2 percent to Rs 2,724.4 crore from Rs 2,719.7 crore on year-on-year basis, according to average of estimates of analysts polled by CNBC-TV18.

Analysts feel if slippages fall in Q2 (compared with 4,037 crore in Q1FY18), net interest margin comes above 2.1 percent (1.99 percent) and gross non-performing assets fall (from 13.05 percent) then that will be taken positively by the Street.