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Bank of India Q2 profit rises 7.6%, asset quality improves
BoI posts 7.
State-owned **Bank of India (BoI)** posted a 7.6% year-on-year increase in net profit in Q2 to ₹2,554 crore, up from ₹2,374 crore in the prior year. Total income rose ~3.8% to ~₹20,626 crore. The gross non-performing assets (NPAs) ratio improved to 2.54% from 4.41% in the year-ago period. The result was welcomed by the financials space late in trade, with lenders gaining across the board. Analysts see better provisioning coverage and credit growth as key next steps.