Bank of India Q4 loss at Rs 3,587-cr, bad loans rise

MUMBA: Bank of India’s net loss widened to Rs 3,587 crore during the January-March quarter 201516, against Rs 56.14 crore in the same period last year, due to rising

MUMBA: Bank of India’s net loss widened to Rs 3,587 crore during the January-March quarter 201516, against Rs 56.14 crore in the same period last year, due to rising bad loans. Gross non-performing assets (NPAs) more than doubled to Rs 49,879.13 crore (13.07% of gross advances) as of March 31, 2016, from Rs 22,193.24 crore (5.39%) a year-ago.

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