<p>Bank of India on Tuesday reported a 14.7 per cent decline in net profit at Rs 720 crore for the June quarter.</p>.<p>The bank had posted a net profit of Rs 843.60 crore in the year-ago period. However, the net profit was up sequentially from Rs 250.19 crore recorded in the three months ended March 2021.</p>.<p>In the first quarter of the current fiscal, the lender's total income was down at Rs 11,698.13 crore. In the year-ago period, it stood at 11,941.52 crore, according to a regulatory filing.</p>.<p>The bank's gross Non-Performing Assets (NPAs) fell marginally to 13.51 per cent of the gross advances at the end of June this year from 13.91 per cent in the same period a year ago.</p>.<p>Net NPAs or bad loans were down at 3.35 per cent in the latest June quarter compared to 3.58 per cent in the year-ago period. Provisions for bad loans and contingencies for the quarter under review were raised to Rs 1,709.12 crore. The same was at Rs 1,512.07 crore in the same period a year ago.</p>.<p>On a consolidated basis, the bank's net profit was at Rs 735.37 crore in the 2021 June quarter. It was down by 13 per cent from Rs 845.78 crore in the year-ago period.</p>.<p>Shares of the bank was marginally up at Rs 74.60 apiece in afternoon trade on BSE.</p>
<p>Bank of India on Tuesday reported a 14.7 per cent decline in net profit at Rs 720 crore for the June quarter.</p>.<p>The bank had posted a net profit of Rs 843.60 crore in the year-ago period. However, the net profit was up sequentially from Rs 250.19 crore recorded in the three months ended March 2021.</p>.<p>In the first quarter of the current fiscal, the lender's total income was down at Rs 11,698.13 crore. In the year-ago period, it stood at 11,941.52 crore, according to a regulatory filing.</p>.<p>The bank's gross Non-Performing Assets (NPAs) fell marginally to 13.51 per cent of the gross advances at the end of June this year from 13.91 per cent in the same period a year ago.</p>.<p>Net NPAs or bad loans were down at 3.35 per cent in the latest June quarter compared to 3.58 per cent in the year-ago period. Provisions for bad loans and contingencies for the quarter under review were raised to Rs 1,709.12 crore. The same was at Rs 1,512.07 crore in the same period a year ago.</p>.<p>On a consolidated basis, the bank's net profit was at Rs 735.37 crore in the 2021 June quarter. It was down by 13 per cent from Rs 845.78 crore in the year-ago period.</p>.<p>Shares of the bank was marginally up at Rs 74.60 apiece in afternoon trade on BSE.</p>