Bank of India: BOI IN, Mkt Cap USD1.8b, CMP INR183, Neutral

31 Jul 09:52 AM            

- Bank of India (BOI) reported 1QFY14 PAT of INR9.6b (38% above est.). While NII was in line with estimate at INR25.4b, strong trading gains of INR5.2b and lower-than-expected provisions of INR6.9b (v/s est. of INR11.4b) led to PAT beat. - Net slippag

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