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Sensex 72,751.79 -0.77% ↓ Nifty 22,554.55 -0.70% ↓ 22k Gold ₹ 13,670/gm Silver ₹ 2,50,000/kg Petrol ₹ 103.50 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 109.83 USD ₹ 92.88
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Bank of India net surges; stock rallies 8%
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bank of india
Bank of India: Quotes, News
BSE 140.15BSE Quote0.9 (-0.64%)
NSE 141.20NSE Quote2.04 (-1.44%)
Bank of India put in a spectacular performance for Q2 2013 with net profits rising to Rs 622 crores from Rs 302 crores in the corresponding period of the previous quarter.

What impressed the markets was a decline in the non performing assets, both at the gross and net levels. While the net non performing assets reduced to 1.85% from 2.10% in the previous quarter, the gross non performing assets reduced to 2.93% from 3.04%.

Provisions at the bank were placed at Rs 1232 crores.

Markets were impressed by the performance of the company and the stock surged 8% following the results,.

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Story first published: Thursday, October 31, 2013, 13:00 [IST]
See More On: bank of india, q2 results

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