Bank of India profit stood at Rs.1,051 Cr for Q2FY22 against Rs 526 Cr in Q2FY21, sharp increase of 99.89%.
According to an official statement, net Profit for Q2FY22 stood at Rs.1,051 Cr, up by 99.89% YoY. Return on Assets (RoA) stood at 0.53%, improved by 25bps YoY. NIM stood at 2.42%, improved by 26 bps sequentially. NII stood at Rs.3,523 Cr up by 12.06% sequentially. Yield on Advances at 7.01%, increased by 34 bps sequentially. Gross NPA ratio at 12%, down by 151 bps sequentially. Net NPA ratio at 2.79% down by 56 bps sequentially. Provision Coverage Ratio (PCR) at 87.81%. CRAR stood at 17.05% higher than both Mar’21 and Jun’21.