BREAKING NEWS

BREAKING NEWS ""**Expected DA for Bank Employees from Aug 2024 MINIMUM 7 SLAB AND MAXIMUM 24 SLAB*****I *****

VISITOR FROM WORLD

Free counters!

YOU ARE VISITOR

Blog Archive

LIVE

BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Tuesday, May 24, 2016

Bank Of India Posts Rs 3,587 Crore Net Loss In Fourth Quarter

Bank of India, India's third biggest state-run lender by assets, reported a fourth-quarter loss of Rs 3,587 crore as it set aside more money to cover a surge in bad loans.

This was the third straight quarterly loss for the Mumbai-based lender, which had reported a net loss of Rs 56.14 crore the previous year.

Gross bad loans as a percentage of total loans rose to 13.07 per cent in the quarter ending March 2016, from 9.18 per cent in December. Provisions, including for loan losses, more than doubled from a year earlier to Rs 5,470 crore, the lender said in a regulatory filing.

No comments:

33.9 million Jobs: Good News! India plans to add 33.9 million jobs by 2028

33.9 million Jobs : India’s workforce is anticipated to expand from 423.73 million in 2023 to 457.62 million by 2028, adding a net gain of a...

script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js">