• Bank of India’s (BOI) net revenues (net interest income plus other income) increased a tad by 0.4% quarter-on-quarter (QoQ) during the quarter ended September (Q2FY22). On a year-on-year (YoY) basis, it witnessed a decline of 3.7%.
  • Provisions & contingencies were down by 45.8% QoQ and 56.2% on a YoY basis.
  • Net profit grew 45.9% QoQ and 97.4% YoY.
  • The bank’s capital adequacy ratio (CAR) stood at 17.7% in Sept 2021 quarter versus 13.5% in Sept 2020 quarter.

BOI’s Financial Statements for Q2FY22:

(Rs, crores) Q2FY21 Q1FY22 Q2FY22 QoQ (%) YoY (%)
Total Income 12,210.7 11,709.6 11,757.9 0.4% -3.7%
Total Expenses 9,378.5 8,977.0 9,053.8 0.9% -3.5%
Provisions 2,047.1 1,656.2 897.5 -45.8% -56.2%
Profit before tax 785.1 1,076.5 1,806.7 67.8% 130.1%
Tax 259.7 378.2 734.6 94.2% 182.9%
Profit after tax 543.5 735.4 1,073.0 45.9% 97.4%
Earnings per share 1.7 2.2 2.8    

Data Source: BSE, Company announcements

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