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    HomeNewsBusinessEarningsBank of India Q2 profit seen down 52%, gross NPL key

    Bank of India Q2 profit seen down 52%, gross NPL key

    Profit will depend on factors such as provisions, other income, and operating profit. Provisions in Q1FY16 increased 69.6 percent year-on-year to Rs 1,514.73 crore and other income was down 18 percent.

    November 09, 2015 / 11:28 IST
       
       
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      Bank of India's July-September quarter profit is likely to plunge 51.7 percent year-on-year to Rs 379.36 crore and net interest income is seen down 0.6 percent to Rs 3,011.9 crore, according to average of estimates of analysts polled by CNBC-TV18.

      Profit volatility and gross non-performing loans are key factors to watch out for.

      Profit will depend on factors such as provisions, other income, and operating profit. Provisions in Q1FY16 increased 69.6 percent year-on-year to Rs 1,514.73 crore and other income was down 18 percent.

      Gross NPL was weak in Q1, up 141 basis points quarter-on-quarter (up 352 basis points year-on-year) to 6.8 percent. Even slippages run rate rose from Rs 4,000 crore in FY15 per quarter to Rs 6,500 crore in Q1.

      first published: Nov 9, 2015 11:28 am

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