 "Q1 results")
Bank of India's net profit declined 22.08 per cent year-on-year (YoY) to Rs 561 crore in the first quarter of financial year 2022-23 (Q1FY23) on fall in non-interest income and rise in provisions for bad loans.
The Mumbai-based public sector lender had posted a net profit of Rs 720 crore during the year-ago period (Q1FY22).
The bank’s stock closed 2.65 per cent higher at Rs 50.4 per share on BSE on Tuesday.
