MUMBAI: Financial institution of India (BoI) has reported a web revenue of Rs 1,458 crore a rise of 52% over Rs 960 crore within the corresponding quarter final yr.
The revenue rose attributable to a 13% rise in web curiosity revenue to Rs 5,740 crore from Rs 5,083 crore within the corresponding quarter final yr. Saying the outcomes, BoI MD & CEO Rajneesh Karnatak stated the financial institution would retain its web curiosity margin, at present at 3.08% above the three% degree for the entire of the yr.
The financial institution’s gross advances rose 10% to Rs 5,43,128 crore from Rs 4,93,814 crore final yr, whereas deposits grew 8% to Rs 7,03,751 crore from Rs 6,47,541 crore a yr earlier.
The financial institution’s retail mortgage guide grew 14.65% to cross Rs 1 lakh crore for the primary time. Practically 54% of the portfolio comprised house loans that grew 11.6% yearly. The very best development of 33% was recorded by different private loans, albeit on a small base. Private loans stood at Rs 7,818 crore on the quater finish.
The revenue rose attributable to a 13% rise in web curiosity revenue to Rs 5,740 crore from Rs 5,083 crore within the corresponding quarter final yr. Saying the outcomes, BoI MD & CEO Rajneesh Karnatak stated the financial institution would retain its web curiosity margin, at present at 3.08% above the three% degree for the entire of the yr.
The financial institution’s gross advances rose 10% to Rs 5,43,128 crore from Rs 4,93,814 crore final yr, whereas deposits grew 8% to Rs 7,03,751 crore from Rs 6,47,541 crore a yr earlier.
The financial institution’s retail mortgage guide grew 14.65% to cross Rs 1 lakh crore for the primary time. Practically 54% of the portfolio comprised house loans that grew 11.6% yearly. The very best development of 33% was recorded by different private loans, albeit on a small base. Private loans stood at Rs 7,818 crore on the quater finish.
