New Delhi, Jan 28: Public sector lender Bank of India (BoI) reported a rise of 12.5 per cent in its net profit for the third quarter (October-December, 2012-13) at Rs 803 crore, driven by growth in the net interest income. Other income increased 10 per cent to about Rs 940 crore while the bank's tax expenditure more than halved to Rs 137 crore as against Rs 323 crore a year back.
The profits got a boost, aided by a sharp decline in the tax outgo. The EPS was higher at Rs 14 (Rs 13.10).
However, the percentage of net NPAs was also higher at 1.97 per cent compared with 1.78 per cent as at the end of December 31, 2011.
