Q3FY17 Results : Bank of India Ltd.

The public sector bank, Bank of India posted its Q3FY17 results today.

The bank's NII for the quarter came in at Rs 2862.61 crore, as against Rs 2719.4 crore in Q2FY17, representing a sequential increase of 5.5 per cent.

The bank's NIM has improved to 2.21 per cent, up from 1.96 per cent. Its CASA deposits for the quarter increased 38 per cent YoY and its share in domestic deposits improved to 41 per cent in Q3FY17.

The bank's total advances for the quarter declined 5.7 per cent YoY to Rs 360,188.65 crore. Its retail loans at Rs 39,130 crore increased by 10.37 per cent YoY. The share of retail loans in total advances increased to 14 per cent in Q3FY17 as compared to 12.74 per cent in Q3FY16.

The global Gross NPA ratio declined sequentially at 13.38 per cent in Q3FY17 as compared to 13.45 per cent in Q2FY17. The amount of Gross NPAs remained marginally lower at Rs 5171.06 crore.

The net profit for the quarter declined by 19.8 per cent sequentially to Rs 102 crore from Rs 126 crore.

Bank of India is a public sector bank that operates in three business segments, viz. treasury operations, wholesale operations and retail operations. The bank has 3101 branches in India spread across all states, including 141 specialised branches and 48 branches abroad.