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Net Profit: Bank of India...

MUMBAI: Bank of India (BoI) has...

‘Index inclusion to bring $25...

Global financial services major JP Morgan...

Net Profit: Bank of India reports 1,458cr Q2 net profit, an increase of 52%

MUMBAI: Bank of India (BoI) has reported a net profit of Rs 1,458 crore an increase of 52% over Rs 960 crore in the corresponding quarter last year.The profit rose due to a 13% rise in net interest income to Rs 5,740 crore from Rs 5,083 crore in the corresponding quarter last year. Announcing the results, BoI MD & CEO Rajneesh Karnatak said the bank would retain its net interest margin, currently at 3.08% above the 3% level for the whole of the year.The bank's gross advances rose...
Karl Jörg -
Business Profiles

Net Profit: Bank...

MUMBAI: Bank of India (BoI) has reported a net profit of Rs 1,458 crore an increase of 52% over Rs 960 crore in...
Karl Jörg -
Business Profiles

‘Index inclusion to...

Global financial services major JP Morgan last week included Indian government securities in its emerging market bond index. It was the first time...
Karl Jörg -
Business Profiles

Negative Inflation: WPI...

NEW DELHI: Wholesale price inflation remained in the negative zone for the fifth month in a row in August, largely led by deflation...
Karl Jörg -
Uncategorized

FMCG, auto, consumer...

Industry segments that derive a significant portion of their earnings from rural areas, including auto, FMCG and consumer durables, are getting jittery with...
Karl Jörg -
Business Profiles

Inflation Rise: Rates...

MUMBAI: RBI governor Shaktikanta Das has indicated that rates may need to rise if there is a second-round impact of food price shocks...
Karl Jörg -
Uncategorized

US, UK insist...

Russia’s ongoing war with Ukraine has cast a definite shadow on the G20 Trade and Investment Ministers’ Meeting in Jaipur with both US...
Karl Jörg -
Business Profiles

RBI to closely...

MUMBAI: India's monetary policy committee (MPC) will closely monitor the factors impacting inflation and take necessary action, although it expects the recent spike...
Karl Jörg -
Business Profiles

Tomato Prices: Why...

NEW DELHI: Rising onion prices in India pose a greater risk to Prime Minister Narendra Modi’s government than a recent spike of 700%...
Karl Jörg -
Business Profiles

Wheat Imports: ‘India...

NEW DELHI/MUMBAI: India is in talks with Russia to import wheat at a discount to surging global prices in a rare move to...
Karl Jörg -
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