Bank of India likely to post loss in Q4 for 3rd straight quarter

Public sector lender Bank of India (BOI) is expected to report quarterly losses for third time in a row as stressed assets and provisions are likely to remain elevated in January-March quarter. Earnings will be announced on May 24.

The bank may post loss of Rs 920 crore in Q4 against loss of Rs 56 crore in year-ago period, according to CNBC-TV18's consensus estimates.

Net interest income, the difference between interest earned and interest expended, is expected to be flat at Rs 2,838 crore against Rs 2,846 crore on yearly basis.

Analysts expect provisions to remain elevated on account of high slippages and unamortized provisions sitting on balance sheet.