Bank of India (BoI) received covid-19 debt recast requests from 50,000 borrowers for loans totalling ₹6,100 crore, chief executive A.K. The bank’s net interest income (NII), the difference between interest earned and expended, shrank 9.19% to ₹3,740 crore. However, had it not been for the 3 September Supreme Court order on asset classification, the bank’s gross bad loan ratio would have touched 14.59%. Unlike some of his peers, the bank does not see rising delinquency in the retail loan portfolio. We don’t foresee a very serious challenge in the retail loan segment as far as asset quality is concerned," he said.

Source: Mint February 10, 2021 12:14 UTC