Bank of India Q3FY25 results: Net profit rises 35% to Rs 2,517 crore

Quick Summary:

Sequentially, the Mumbai-based lender's net profit rose by 6 per cent from Rs 2,374 crore in June 2024 (Q2FY25).Its stock closed 1.5 per cent lower at Rs 98.

The asset quality profile improved, with gross NPAs declining to 3.69 per cent in December 2024 from 5.35 per cent in December 2023.

In domestic business, BOI expects advances to grow by 14–15 per cent Y-o-Y and deposits by 13–14 per cent by the end of March 2025 (FY25), Karnatak said.

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Category: BusinessFinance

Markets: India

Topics: Bank of India Q3 results Net profit Q3FY25 Corporate earnings

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Published On: 2025-01-24 @ 19:07:12 (1 days ago)

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News Source URL: business-standard.com

Language: English

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