Bank of India Q1 profit rises as core income improves on better asset quality
Author: CNBC-TV18 Markets·
Key Takeaways
- •Bank of India reported an increase in profit in the June quarter.
- •Net interest income rose 12.6% year-on-year to ₹6,833 crore.
- •The corresponding net interest income in the same quarter last year was ₹6,068 crore.
- •Improved asset quality helped support the lender's quarterly performance.
Bank of India reported a rise in profit and core income in the June quarter, helped by improved asset quality.
The Mumbai-based lender's net interest income (NII), or core income, increased 12.6% year-on-year to ₹6,833 crore from ₹6,068 crore in the corresponding quarter last year.
