BoI Q4 net up 82% to ₹2,626 cr

TREASURY GAINS AND recoveries from written-off accounts in the January-March period helped state-owned Bank of India to report an 82% jump in its Q4 net profit at ₹2,626 crore on Friday.

- PRESS TRUST OF INDIA

The core net interest income grew by 2% to ₹6,063 crore for the three months, but the other income rose 96% to ₹3,428 crore. Recoveries from written-off accounts jumped 195% to ₹1,193 crore, while treasury gains were up 87% at ₹711 crore, which contributed to the jump in the other income. The net interest margin (NIM) n