Bhopal, Feb. 4 -- Bank of India, a leading Public Sector Bank has declared its results for Q3-FY24, reporting an increase of 83% YoY in net profit which stood at Rs.4897 Crs for the 9 months ended FY24 against Rs.2,672 Cr in the corresponding period of last year. Net Profit of the Bank for the quarter improved by 62% YoY and stood at Rs.1,870 Cr for Q3-FY24 against Rs.1,151 Cr in Q3-FY23.
On Asset quality front, Gross NPA ratio improved by 231 bps from 7.66% in Dec'22 to 5.35% in Dec'23. Provision Coverage Ratio (PCR) stood at 89.95% in Dec'23 against 90.27% in Dec'22.
Global Business of the Bank increased by 9.60% YoY. Global Deposits increased by 8.28% YoY. Global Advances increased by 11.29% YoY.
Domestic Deposits increased by 7.62% Y...