Bank of India lost 5.38% to Rs 181.90 at 13:06 IST on BSE as the bank's gross non-performing assets surged to Rs 9413.45 crore as on 30 June 2013, from Rs 8765.25 crore as on 31 March 2013 and sharply higher than Rs 6751.81 crore as on 30 June 2012.
The state-run bank announced its first quarter results during trading hours today, 26 July 2013.
Meanwhile, the S&P BSE Sensex was down 62.18 points or 0.31% at 19,742.58.
On BSE, 7.61 lakh shares were traded in the counter as against average daily volume of 1.60 lakh shares in the past one quarter.
The stock was volatile. The stock lost as much as 6.05% at the day's low of Rs 180.60 so far during the day, which is a 52-week low for the counter. The stock rose as much as 0.96% at the day's high of Rs 194.10 so far during the day. The stock had hit a 52-week high of Rs 392.20 on 18 January 2013.
The stock underperformed the market over the past one month till 25 July 2013, sliding 13.79% compared with the Sensex's 6.31% surge. The scrip had also underperformed the market in past one quarter, tumbling 43.07% as against Sensex's 2.05% rise.
The large-cap state-run bank has equity capital of Rs 595.90 crore. Face value per share is Rs 10.
Bank of India's (BoI) ratio of gross non-performing assets (NPAs) to gross advances increased to 3.04% as on 30 June 2013, from 2.99% as on 31 March 2013 and 2.56% as on 30 June 2012. The ratio of net NPA to net advances increased to Rs 2.1% as on 30 June 2013, from 2.06% as on 31 March 2013 and 1.69% as on 30 June 2012.
BoI's net profit rose 8.64% to Rs 964.18 crore on 13.7% growth in total income to Rs 9722.01 crore in Q1 June 2013 over Q1 June 2012.
BoI's borrowings rose 22.04% to Rs 32953.61 crore as on 30 June 2013, from Rs 27001.67 crore as on 30 June 2012. Deposits grew 22.41% year on year to Rs 414964.19 crore as on 30 June 2013.
The bank's capital adequacy ratio (CAR) as per Basel II norms stood at Rs 10.66% as on 30 June 2013, as against 11.02% as on 31 March 2013 and 11.42% as on 30 June 2012. CAR as per Basel III norms stood at 10.36% as on 30 June 2013.
BoI's provisions and contingencies surged 47.08% to Rs 694.56 crore in Q1 June 2013 over Q1 June 2012.
The Government of India holds 64.11% stake in Bank of India (as per the shareholding pattern as on 30 June 2013).
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