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Bank of India Q3 profit seen up 40% to Rs 818.6 cr: Poll

Bank of India is expected to register a solid 39.8 percent increase (year-on-year) in profit at Rs 818.6 crore for October-December quarter, according to a CNBC-TV18 poll.

Bank of India Q3 profit seen up 40% to Rs 818.6 cr: Poll

Bank of India  is expected to register a solid 39.8 percent increase (year-on-year) in profit at Rs 818.6 crore for October-December quarter, according to a CNBC-TV18 poll.

The sharp spike in profitability is on the back of low base in the year-ago period. In Q3FY14, profit had fallen 27 percent Y-o-Y to Rs 586 crore as provisions climbed 53 percent Y-o-Y to Rs 1,404 crore.

Net interest income, the difference between interest earned and interest expended, may jump 15.8 percent to Rs 3,148.3 crore in the quarter ended December 2014 from Rs 2,719 crore in same quarter last year.

As far as asset quality is concerned, analysts expect Rs 1,400 crore at least in restructured book in Q3 (especially from EPC contractors. They expect upgrades to support.

The public sector lender’s advances to power and infrastructure stands at Rs 44,136 crore.

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