Bank of India (BoI) reported a 7.5 percent year-on-year increase in net profit for the third quarter, reaching Rs. 2,705 crore, driven by growth in interest income, improved asset quality, and disciplined cost management. The lender benefited from higher credit off-take, lower non-performing assets (NPAs), and operational efficiencies across branches. Analysts highlight that BoI’s performance reflects both sectoral recovery and the bank’s proactive risk management.
