Bank of India | The Competition Commission of India approved acquisition of BOI AXA Invst Managers & BOI AXA Trustee Services by Bank of India.
Sharekhan has come out with its fourth quarter (January-March’ 21) earnings estimates for the Banking sector. The brokerage house expects Bank of India to report net profit at Rs 548 crore (up 1.3% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 0.1 percent Y-o-Y (up 1.5 percent Q-o-Q) to Rs 3,797 crore, according to Sharekhan.
Pre Provision Profit (PPP) is likely to fall by 1.3% Y-o-Y (down 7.7 percent Q-o-Q) to Rs 2,618 crore.
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