Bank Of India Q2 net profit falls 9% as provisions rise | Economic Times

Bank Of India Q2 net profit falls 9% as provisions rise https://ift.tt/WZEmBLJ provisions doubled to ₹1,912 crore in the quarter from ₹894 crore a year ago. CEO AK Das said a majority of the provisions came on standard accounts belonging to state governments in which payments were delayed and hence provisions had to be made after a Reserve Bank of India (RBI) inspection.