Mumbai, July 29 -- Bank of India on Monday reported a 32% year-on-year rise in net profit to Rs.2,252 crore for the quarter ended June 2025, compared to Rs.1,703 crore in the same quarter last year.

The state-owned lender announced the results post-market hours.

Operating profit during the June quarter stood at Rs.4,009 crore, up 9% from Rs.3,677 crore in Q1 FY25.

Asset quality saw a notable improvement.

The gross non-performing asset (NPA) ratio declined to 2.92%, from 4.62% a year earlier and 3.27% in the March 2025 quarter.

Provision coverage ratio (PCR) increased to 92.94%, up from 92.11% in the year-ago quarter and 92.39% at the end of March.

The slippage ratio remained stable at 0.33%, versus 0.35% in June last year and 0.32% ...