Friday, March 14, 2025 | 09:39 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Bank of India falls 8% on weak Q2 results

The stock slipped 8% to Rs 80.50 on Tuesday, extending its Monday's 5% decline on the BSE, after the state-owned bank reported a net loss of Rs 11.56 billion in Q2FY19.

BoI to shut 400 ATMs, 300 more under review
Premium

SI Reporter Mumbai
Shares of Bank of India have slipped 8% to Rs 80.50 per share on Tuesday, extending their 5% decline on the BSE on Monda, after the state-owned bank reported a net loss of Rs 11.56 billion in the second quarter of current fiscal 2018-19 (Q2FY19), due to higher provisioning for bad loans.

The bank had posted a net profit of Rs 1.79 billion in the corresponding July-September period of the last fiscal (Q2FY18). It had a net profit of Rs 951 million in the April-June quarter of the 2018-19 fiscal (Q1FY19).

For the first half (April-September) of FY19,

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in