Bank Of India Results

Earnings, asset quality profile improve for public sector lender

Fall in non-interest income, rise in bad loan provisions drag down company's net

Its net interest income, the interest earnings minus expense, fell 14.32 per cent in the reporting quarter to Rs 3,523 crore in Q2FY22

The total income during the period under review increased to Rs 11,941.52 crore, from Rs 11,526.95 crore in the year-ago period

The other income comprising treasury revenues, fees and commissions rose 30% to Rs 1,610 cr

Provisions for non-performing assets fell to Rs 4,484 cr from Rs 5,442 cr a year earlier