BoI reports 61 per cent jump in Q2 profit aided by non-core income
Bank of India's consolidated net profit surged 61% to Rs 2,421 crore in the September quarter, fueled by non-core income growth. While net interest income saw a modest 4% rise, robust recoveries and treasury gains boosted non-interest income. The bank aims to expand its net interest margin to 2.90% by fiscal end and maintain its deposit and credit growth targets.
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Bank of India's consolidated net profit surged 61% to Rs 2,421 crore in the September quarter, fueled by non-core income growth. While net interest income saw a modest 4% rise, robust recoveries and treasury gains boosted non-interest income. The bank aims to expand its net interest margin to 2.90% by fiscal end and maintain its deposit and credit growth targets. 
