Total income during April-June 2022-23 fell to Rs 11,124.36 crore from Rs 11,641.37 crore in the year-ago period as income from other sources was down, Bank of India said in a regulatory filing.The core interest income grew 7 per cent in the quarter at Rs 9,972.64 crore, while other income declined by over 50 per cent to Rs 1,152 crore
“In the past, there was more focus on the margin also because in the last five, six years, the company has turned around on the profitability front. Now there will have to be a correct balance between the right level of profitability and the market share which is what the company’s mantra is going to be going forward.”
“In the past, there was more focus on the margin also because in the last five, six years, the company has turned around on the profitability front. Now there will have to be a correct balance between the right level of profitability and the market share which is what the company’s mantra is going to be going forward.”
Silver also fell sharply by Rs 841 to Rs 58,480 per kg from Rs 59,321 per kg in the previous trade.In the international market, both gold and silver were trading flat at USD 1,771 per ounce and USD 20.25 per ounce, respectively.
“Having delivered our highest ever Q1 bookings of 2,520 crores, we are on track to meet our FY23 objective of achieving Rs 10,000 crore booking value. Despite elevated inflation and recent interest rate hikes, the real estate sector has been exceptionally resilient. The sector is likely to continue to strengthen in the quarters ahead and we will be focused .
“When new competition enters our sector, it is important for us to just concentrate on our strength and strategy and to correct if any weakness is there over a period of time. There is no question of feeling threatening here because the industry size is good, the growth is good, and it takes time for any new player to come and create a distribution and relationship network with dealers.”