Bank of India shares fall up to 5.5% post-Q2 results as global NIM falls to 2.47% QoQ
The lender's net profit for the reporting quarter grew over 25% on year and 4% sequentially to Rs 3,202 crore

Shares of Bank of India fell 5.6% to an intraday low of Rs 123.64 apiece on October 26 after the bank's global net interest margin for the September quarter declined to 2.47% from 2.52% sequentially. However, on a year-on-year basis, it improved by 6 basis points. Meanwhile, the lender's net profit for the reporting quarter grew over 25% on year and 4% sequentially to Rs 3,202 crore. The bank's total income rose more than 16% on-year and 6.5% on-quarter to Rs 23,999 crore.










