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The bank had earned a net profit of Rs 1,458 crore in the same quarter of the last financial year.

Bank of India's profit increased by 63% to Rs 2,374 crore in September quarter News In Hindi: The net profit of public sector Bank of India (BOI) has increased by 63% to Rs 2,374 crore in the second quarter of July-September of the current financial year. Giving this information on Monday, the bank said that its profit has increased due to increase in non-interest income.

The bank had earned a net profit of Rs 1,458 crore in the same quarter of the last financial year.

In the information given to the stock market, BOI said that its total income has increased to Rs 19,872 crore in the September quarter, which was Rs 16,659 crore in the same quarter of the last financial year.

The bank's net interest income (NII) increased by four per cent to Rs 5,986 crore in the quarter under review as against Rs 5,740 crore in the same quarter of the last financial year. Non-interest income rose 49 per cent to Rs 2,518 crore in the September quarter from Rs 1,688 crore in the same quarter last fiscal.

The bank's net non-performing assets (NPAs) declined by 29 per cent to Rs 5,649 crore in September, 2024 from Rs 7,978 crore in September, 2023. The bank's shares rose 0.63 percent to Rs 112.25 on BSE.(PTI)

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