State-owned Bank of India reported its Q1FY23 results today. The net profit doubled for the June quarter.
Net Profit increased by 176% YoY to Rs.1,551 Cr. Operating Profit increased by 72% YoY to Rs.3,752 Cr.
Net Interest Income increased by 45% YoY to Rs.5,915 Cr. NIM (Global) improved by 49 bps YoY.
Yield on Advances (Dom.) improved by 157 bps YoY. Gross NPA ratio down by 263 bps YoY.
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