Bank of India Q3 FY2025 Net Profit Surges 35% Amid Significant Decline in Bad Loans

Bank of India (BoI) has reported a 35% year-on-year increase in net profit for the third quarter of FY2025, reaching ₹2,517 crore, up from ₹1,870 crore in the same period last year. This impressive performance is attributed to a substantial improvement in asset quality, with gross non-performing assets (NPAs) reducing to 3.69% from 5.35% a year ago. The bank's total income also saw a notable rise, climbing to ₹19,957 crore from ₹16,411 crore in the previous year. Additionally, net interest income (NII) increased by 11% to ₹6,070 crore. These results underscore BoI's effective strategies in enhancing financial health and operational efficiency. 
Source: The Economic Times