Epic Research Update : Bank of India

Bank of India is planning to sell around Rs 900 crore of non-performing assets (NPAs) to asset reconstruction companies (ARCs) before the end of March 2014. The bank had auctioned Rs 2,000 crore of NPAs in Q2 and Q3, but only about Rs 627 crore was taken off from the gross NPA level. Meanwhile, the bank expects net interest margins on the international side to improve to 1.20% by March-end, and the combined NIM to 2.72%.

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Posted in: Indian Market Tips