<p>Bank of India on Friday reported over two-fold jump in September quarter consolidated net profit at Rs 543.47 crore as bad assets came down.</p>.<p>The bank posted a net profit of Rs 257.31 crore for the same quarter a year ago.</p>.<p>Total income rose to Rs 12,477.79 crore in July-September 2020-21 from Rs 12,062.55 crore in the year-ago period, the state-owned lender said in a regulatory filing.</p>.<p>On a standalone basis, the net profit in the quarter rose to Rs 525.78 crore as against Rs 266.37 crore a year ago.</p>.<p>Income grew to Rs 12,408.66 crore from Rs 11,985.50 crore.</p>.<p>The bank's gross non-performing assets (NPAs) fell to 13.79 per cent of gross advances as on September 30, 2020 from 16.31 per cent by the year-ago period.</p>.<p>In value terms, gross NPAs or bad loans stood at Rs 56,231.76 crore as against Rs 61,475.60 crore earlier.</p>.<p>Net NPAs came down to 2.89 per cent (Rs 10,443.71 crore) from 5.87 per cent (Rs 19,645.83 crore).</p>.<p>However, provisions for bad loans increased to Rs 2,133.87 crore during the quarter from Rs 1,452.09 crore parked aside for the year-ago same quarter.</p>.<p>Overall provisions and contingencies also rose to Rs 2,312.29 crore in the quarter under review from Rs 2,052.27 crore a year ago.</p>.<p>Bank of India stock was trading at Rs 41.10 on BSE, up 3.01 per cent from the previous close. PTI KPM KPM ANU ANU</p>
<p>Bank of India on Friday reported over two-fold jump in September quarter consolidated net profit at Rs 543.47 crore as bad assets came down.</p>.<p>The bank posted a net profit of Rs 257.31 crore for the same quarter a year ago.</p>.<p>Total income rose to Rs 12,477.79 crore in July-September 2020-21 from Rs 12,062.55 crore in the year-ago period, the state-owned lender said in a regulatory filing.</p>.<p>On a standalone basis, the net profit in the quarter rose to Rs 525.78 crore as against Rs 266.37 crore a year ago.</p>.<p>Income grew to Rs 12,408.66 crore from Rs 11,985.50 crore.</p>.<p>The bank's gross non-performing assets (NPAs) fell to 13.79 per cent of gross advances as on September 30, 2020 from 16.31 per cent by the year-ago period.</p>.<p>In value terms, gross NPAs or bad loans stood at Rs 56,231.76 crore as against Rs 61,475.60 crore earlier.</p>.<p>Net NPAs came down to 2.89 per cent (Rs 10,443.71 crore) from 5.87 per cent (Rs 19,645.83 crore).</p>.<p>However, provisions for bad loans increased to Rs 2,133.87 crore during the quarter from Rs 1,452.09 crore parked aside for the year-ago same quarter.</p>.<p>Overall provisions and contingencies also rose to Rs 2,312.29 crore in the quarter under review from Rs 2,052.27 crore a year ago.</p>.<p>Bank of India stock was trading at Rs 41.10 on BSE, up 3.01 per cent from the previous close. PTI KPM KPM ANU ANU</p>