The bank’s total Capital Adequacy Ratio (CRAR) was at 15.63 per cent as on September 30, 2023.
State-owned Bank of India on Saturday reported a 52 per cent jump in the net profit at Rs 1,458 crore in the September 2023 quarter.
Read More: FPIs Withdraw Rs 3,400 Crore During First Three Trading Sessions In November
The city-headquartered bank had reported a post tax profit of Rs 960 crore in the year-ago period, Bank of India said in a release.
It’s core net interest income climbed 13 per cent to Rs 5,740 crore during the quarter on the back of a 10 per cent growth in advances and a 0.04 per cent widening in the net interest margin at 3.08 per cent.
Read More: Why Microsoft And Google Are Chasing This Indian Startup To Develop AI Tools
The non-interest income increased 19 per cent to Rs 1,688 crore in the reporting quarter.
The gross non-performing assets ratio improved by 0.83 per cent to 5.84 per cent in the later quarter from 6.67 per cent recorded in June.
Read More: IOC Acquires Mercator Petroleum For Rs 148 Crore In Insolvency Proceeding
The bank’s total Capital Adequacy Ratio (CRAR) was at 15.63 per cent as on September 30, 2023.
