/ Bank Of India's Q4FY17 Standalone Net Loss Narrows To Rs.1,045 Crore ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 22 May 2017

Bank of India posted its results today. The NII for the quarter grew 8.8% yoy to Rs.3467 crore in Q4FY17. This was primarily due to decline in interest expended by 2.7% yoy.

In terms of asset quality GNPA’s for the quarter increased by 4.3% yoy to Rs.52044 crore in Q4FY17. In percentage to total advances GNPAs for the quarter edged up by mere 15bps to 13.22% in Q4FY17 vs 13.07% in Q4FY16. Provisions for the quarter declined by 13.4% yoy to Rs.4736 crore in Q4FY17 vs Rs.5470 crore in Q4FY16.

Net loss for the quarter narrowed to Rs.1045 crore in Q4FY17 vs Rs.3587 crore in Q4FY16. This was primarily driven by decline in provisions. Deposits for the quarter increased by 5.2% yoy to Rs.540032 crore, while advances for the quarter increased merely by 2% to Rs.36481 crore. CET ratio for the bank stood at 12.14% in Q4FY17 vs 12.05% in Q4FY16.

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