*Why Bank of India is Down Post-Q3 Results:* 1. *Net Interest | ACEink Official

*Why Bank of India is Down Post-Q3 Results:*

1. *Net Interest Income (NII) Drop:* Bank of India witnessed a 2.35% decline in its Net Interest Income (NII), showcasing a reduction in earnings from lending activities compared to the previous year.

2. *Net Interest Margin (NIM) Contraction:* The Net Interest Margin (NIM) also contracted to 2.85%, down from 3.08% in the previous quarter, reflecting reduced profitability in interest-related transactions.


3. *Provisions and Asset Quality:* While provisions decreased by 43.7%, concerns arise over the asset quality as gross non-performing assets (GNPAs) stand at 5.35% and net non-performing assets (NNPAs) at 1.41%.

4. *Profit Surge vs. Market Reaction:* Despite a substantial 62.4% increase in net profit, the market reaction was adverse, leading to a notable dip in the stock price.

5. *Yearly Performance Discrepancy:* Bank of India's stock, despite showing a yearly gain of over 79%, experienced a significant decline of 6.79% post-Q3 results, indicating dynamic market reactions.

Disclaimer : This is not an investment advice and this is not an investment recommendation.