BoI reported Rs.252 crore profit

18, May 2019

Prelims level : Mains level :
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  • Bank of India reported a net profit of 252 crore for the quarter ended March 31, compared with a loss of ₹3,969 crore in 2018.
  • The Gross NPA ratio improved from 16.58% in March 2018 to 15.84% in March 2019.
  • Net NPA ratio declined from 8.26% to 5.61%.
  • Provision coverage ratio improved from 65.85% in March 2018 to 76.95% in March 2019
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