Bank of India (BoI) reported another shocking performance as asset quality deteriorated sharply along with a loss of Rs 11.3 bn for Q2FY16 led by a sharp increase in provision expenses. Advances reported a decline on a YoY and QoQ basis, though NIMs increased by 17 bps QoQ to 2.29% leading to 3.7% QoQ growth (flat YoY) in NII. GNPA/ NNPA increased by 75/ 20 bps QoQ to 7.6%/ 4.3% respectively as asset quality deteriorated for the 7th quarter in a row.