Bank of India (BoI) reported another shocker as the asset quality deteriorated sharply as well as reported weak earnings growth inspite of deferring Rs 7.4 bn of provision expenses. Earnings declined by 84% YoY to Rs 1.3 bn vs an estimated profit of Rs 3 bn, due to slower growth in NII, lower non interest income and higher provision expenses. Advances growth was lower at 2.1% YoY (-4.5% QoQ) whereas NIMs remained flat. GNPA/ NNPA increased by 141/ 75 bps QoQ to 6.8%/ 4.11% respectively.