Bank of India posts â¹4,000 crore loss in fourth-quarter
Public sector lender Bank of India has reported a loss of nearly â¹4,000 crore for the March quarter as it increased provisioning for bad loans. The bank's gross bad loans, as a percentage of total loans, fell to 16.58% from 16.93% in the previous quarter. Notably, 18 state-owned banks together reported losses of nearly â¹57,000 crore in the March quarter.