Q4 results: Pain not yet over for Bank of India, stock falls 5.8%

No clarity on stress, weak capital affect earnings visibility

Like other public sector banks (PSBs), Bank of India (BoI), too, was hurt by higher provisions, which were up 40.9 per cent year-on-year (y-o-y), in the March quarter (Q4). However, unlike other PSBs that saw share prices rise after the results, BoI's stock fell 5.8 per cent on Tuesday, compared to a 1.35 per cent decline in the Nifty Bank index. The lack of clarity about potential stress and a weak capital base have impacted sentiment, said analysts.

Moreover, BoI's higher than expected net loss of Rs 39.7 billion in Q4 would have been bigger, but for the postponement of some