13 May 2024, 10:20 AM IST Sensex Today Live : Bank of India shares tumble more than 10% after company posts 7% YoY rise in Q4 net profit Sensex Today Live : Bank of India announced a 7% increase in its net profit, reaching ₹ 1,439 crore for Q4 of FY 2023-24. The bank's gross non-performing asset (NPA) ratio improved to 4.98%, down from 5.35% in the previous quarter and 7.31% a year ago. The net NPA ratio also showed a positive trend, standing at 1.22% as of March 31, compared to 1.41% as of December 31, 2023, and 1.66% as of March 31, 2023. The bank's board has approved a capital raise of up to ₹ 5,000 crore through the issuance of Basel III compliant Additional Tier 1 and Tier 2 bonds, each worth ₹ 2,500 crore. Net Interest Income (NII) saw a year-on-year increase of 7%, amounting to ₹ 5,937 crore for Q4FY24, up from ₹ 5,523 crore for Q4FY23.