Shares of Bank of India fell almost 9% on Monday on the NSE as investors reacted to the slippage in net NPA during the January to March quarter. Although the bank saw a 5.32% quarter-on-quarter jump in its net NPA, its NNPA was down 18% YoY. Bank of India reported a 115% jump in consolidated profit after tax for the March quarter, while also planning for a capital raise of INR4,500 crore in FY24. Gross Non-Performing Assets and core net interest income also posted positive results.
