[Latest News][6]

Best Stock Advisory Company in Indore
Commodity Market Tips
Commodity Tips
Gold
Indian Stock Market Tips
Market
MCX Tips
NCDEX tips
Nifty Future Tips
NSE BSE
NSE BSE stock
NSE BSE stock Market
Share Market Tips
Silver
Stock Market Tips

Bank of India posts Q4 loss of 10.46 bln rupees

Bank of India Ltd, the country's sixth-biggest lender by assets, reported a fourth-quarter net loss of 10.46 billion rupees ($162.08 million) as provisions for bad loans remained high. Net loss for the quarter ended March 31 narrowed from a loss of 35.87 billion rupees a year earlier, the Mumbai-based lender said in a statement on Monday.

Bad loans as a percentage of total loans rose to 13.22 percent at the end of March, compared with 13.38 percent in the preceding quarter, and 13.07 percent a year ago. Provisions for non-performing assets fell to 44.84 billion rupees from 54.42 billion rupees a year earlier, the bank said. Shares of the bank were trading down 2.9 percent by 0734 GMT on the National Stock Exchange.

Now watch every updates regarding Share and Stock market just with a simple click here: - http://www.ripplesadvisory.com/nifty-future-.php

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Start typing and press Enter to search