Bank of India announced Q2FY23 results:

• Net Profit for Q2FY23 improved to Rs.960 crore. up by 71% sequentially.
• Operating Profit improved to Rs.3,374 crore. up by 26% YoY and by 55% sequentially.
• Return on Assets (RoA) stood at 0.47%, improved by 18 bps sequentially.
• NIM stood at 3.04%, improved by 49 bps sequentially.
• NII stood at Rs.5,083 crore up by 44% YoY and 25% sequentially.
• The yield on Advances at 7.21%, increased by 63 bps sequentially.
• The Gross NPA ratio is at 8.51%, down by 349 bps YoY.
• Net NPA ratio at 1.92% down by 87 bps YoY.
• Provision Coverage Ratio (PCR) at 88.96%.
• CRAR stood at 15.51% with Tier-I at 13.38% & CET-1 at 12.97%.
• RAM Advances grew by 15.57% YoY and it constitutes 54.25% of Gross Advances.
• CASA deposits increased by 4.05% YoY and CASA% at 44.12%.
• Credit Cost stood at 0.60%, declining by 61 bps sequentially.
• The slippage ratio stood at 0.30% and declined by 39 bps sequentially.

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