scorecardresearchBank of India Q1 profit falls 22% to ₹561 crore; stock rises

Bank of India Q1 profit falls 22% to 561 crore; stock rises

Updated: 02 Aug 2022, 03:26 PM IST
TL;DR.
Bank of India improved on its asset quality substantially as gross Non-Performing Assets (NPAs) fell to 9.30 per cent of gross advances by the end of June 2022. The same was at 13.51 per cent a year ago.
An collectible banknote buyer holds Indian rupee banknotes in Mumbai, India, on Wednesday, July 20, 2022. The rupee slid to all-time low of 80.06 per dollar on Tuesday, and has lost 2.4% over the past month, the third-worst performing Asian currency over the period. Photographer: Dhiraj Singh/Bloomberg

An collectible banknote buyer holds Indian rupee banknotes in Mumbai, India, on Wednesday, July 20, 2022. The rupee slid to all-time low of 80.06 per dollar on Tuesday, and has lost 2.4% over the past month, the third-worst performing Asian currency over the period. Photographer: Dhiraj Singh/Bloomberg