BoI net plunges 70% as bad loans, provisions soar
State-run Bank of India (BoI) today reported a massive 70 per cent dip in its net profit at Rs 173 crore in the quarter to December, from Rs 586 crore a year ago, driven down by a spike in bad loans and the resultant higher provisioning.
Feb 12, 2015, 19:57 PM IST