Bank Of India Q1FY23 Quarter Results

Bank Of India’s net revenues fell over 4% YoY
  • 02 Aug 2022
  • Bank Of India’s net revenues (net interest income plus other income) declined by 3% quarter-on-quarter (QoQ) during the quarter ended June (Q1FY23). On a year-on-year (YoY) basis, it witnessed a decline of 4.3%.
  • Its expenses for the quarter were down by 0.4% QoQ and up by 0.2% YoY.
  • The bank’s net profit was down 4.4% QoQ and 10.6% YoY.
  • The bank’s capital adequacy ratio (CAR) stood at 15.61% in June 2022 quarter.
  • Net non-performing assets (NPAs) were at 2.21% of net advances as of June 2022.
  • The earnings per share (EPS) of Bank Of India stood at 1.6 during Q1FY23.

Bank Of India’s financial statements for Q1FY23:

(Rs, crores) Q4FY21 Q3FY22 Q4FY22 QoQ (%) YoY (%)
Total Income11,709.611,553.311,207.6-3.0%-4.3%
Total Expenses8,977.09,034.88,998.0-0.4%0.2%
Profit before tax1,076.5964.78,835.6815.9%720.8%
Profit after tax735.4688.1657.6-4.4%-10.6%
Earnings per share2.21.71.6

Data Source: BSE, Company announcements

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