Bank of India swings from loss to profit in Q1, bad loans fall

Bank of India (BOI), the country’s sixth biggest lender by assets, reported a first-quarter profit as its bad loan ratio narrowed and loan-loss provisions fell. Net profit was Rs 87.71 crore in the quarter ended June 30, compared with a loss of Rs 741 crore a year earlier, the Mumbai-based bank said on Wednesday. Analysts… Continue reading Bank of India swings from loss to profit in Q1, bad loans fall