https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Bank of India Reports 63% Surge in Q2 Profit, Total Income Hits Rs 19,872 Crore

Bank of India reports a 63% increase in Q2 net profit to Rs 2,374 crore, driven by a 49% surge in non-interest income and a 29% decline in NPAs.
Indian Masterminds Stories

Bank of India (BoI) reported a 63% year-on-year jump in its net profit, reaching Rs 2,374 crore for the second quarter ended September 30, 2024, driven by a significant rise in non-interest income. In the same quarter of the previous year, the public sector bank had posted a net profit of Rs 1,458 crore.

Total income for the July-September period of the current fiscal rose to Rs 19,872 crore, up from Rs 16,659 crore in the corresponding period last year. Net non-performing assets (NPA) saw a substantial decline of 29%, falling from Rs 7,978 crore in September 2023 to Rs 5,649 crore in September 2024.

Net interest income (NII) grew by 4% to Rs 5,986 crore for Q2FY25, compared to Rs 5,740 crore in the same quarter last year. Non-interest income also surged by 49% year-on-year, reaching Rs 2,518 crore during the quarter, up from Rs 1,688 crore in the corresponding period of the previous fiscal.

Bank of India’s shares closed at Rs 112.25, up 0.63% from the previous close on the Bombay Stock Exchange (BSE).


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
madras-high-court-01
Police Cannot Assault Detainees, Says Madras High Court, Orders Probe Into Brutality Allegations
Exam Student Aspirant
Gujarat Govt Approves IAS Study Centres in 10 Cities to Boost Civil Services Aspirations! UPSC Coaching Made Affordable & Accessible
IREDA logo 1
IREDA CMD Calls for Policy, Financing and Systemic Reforms to Fast-Track India’s Clean Energy Goals
CM Mohan Yadav launches
MP: CM Mohan Yadav Announces ₹100 Crore Development Projects at Barkatullah University Bhopal under PM-Usha Scheme
IRS Officer Indian revenue Services
IRS Officers Appointed as SPs in CBI to Strengthen Economic Crime Investigations
1TS
Maritime Diplomacy in Action: Indian Navy’s 1st Training Squadron Visits Seychelles for Cadet Training and Regional Cooperation
Madhya Pradesh Cabinet decisions
MP Cabinet Approves ₹7,000 Cr Infra Boost: Indore-Ujjain Greenfield Highway, Ujjain ROB, and Jal Jeevan Mission Projects Cleared
Karnataka
Karnataka Restructures BBMP into Greater Bengaluru Authority; Top IAS Officers Appointed to Lead New Urban Body, Maheshwar Rao Appointed Chief Commissioner
ADVERTISEMENT
ADVERTISEMENT
Videos
IPS Shikha Goel
Decoding Digital Dangers: Insights from IPS Shikha Goel on Cyber Crimes
IPS Mukesh Kumar Bhamoo
Managing Elections, Communal Tensions, and Public Safety – Meet IPS Mukesh Kumar Bhamoo | Video Interview
WhatsApp Image 2025-08-25 at 13.56
Operation Hunt: IPS Dr. Karanraj Vaghela’s Mission to Nab Valsad’s Most Wanted
ADVERTISEMENT
UPSC Stories
IAS Minnu P M
“Lazy, Sleepy, Yet Determined”: Minnu P M’s Honest Take on Cracking UPSC
Minnu PM, once a clerk in Kerala Police, cleared UPSC with AIR 150 after five years of struggle. Her...
IPS Ashish Tiwari
From IIT and Investment Banking to Public Service, Meet IPS Ashish Tiwari 
Ashish Tiwari, IIT graduate and former investment banker, chose public service over global finance. As...
WhatsApp Image 2025-08-12 at 7.27
First Attempt IRS, Fourth Attempt IPS: The Relentless Pursuit of Jitendra Kumar Yadav Who Cracked UPSC 3 Times
IPS Yadav is originally from Chhattisgarh. He was first selected for the IRS through UPSC and later for...
Social Media
IAS Sakshi Sawhney Amritsar DC
Punjab Floods: IAS Sakshi Sawhney’s Emotional Appeal to Elderly Man Wins Hearts, Video of Humanity Goes Viral
Viral Video Captures Emotional Moment as Amritsar DC Shows Sensitivity and Courage Amid Relief Effor...
Masahiro Hara
From Go Board to Global Use, How QR Codes Changed the World: IRAS Officer Ananth Rupanagudi Spotlights Masahiro Hara’s Vision
IRAS officer Ananth Rupanagudi shared a video on Masahiro Hara, the inventor of QR codes, highlighting...
IFS Susanta Nanda Video
A Mother’s Duty: Tigress Watches Over Cubs Splashing in Waterhole — Heartwarming Video Shared By Retd. IFS Officer Susanta Nanda
A tender wildlife video shared by Retd. IFS officer Susanta Nanda shows a tigress keeping watch over...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
madras-high-court-01
Police Cannot Assault Detainees, Says Madras High Court, Orders Probe Into Brutality Allegations
Exam Student Aspirant
Gujarat Govt Approves IAS Study Centres in 10 Cities to Boost Civil Services Aspirations! UPSC Coaching Made Affordable & Accessible
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IPS Shikha Goel
IPS Mukesh Kumar Bhamoo
WhatsApp Image 2025-08-25 at 13.56
ADVERTISEMENT
ADVERTISEMENT