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Earnings

Bank of India posts $589 million fourth-quarter loss, misses estimates

Updated : May 29, 2018 07:50 AM IST

That compared with a loss of 10.46 billion rupees in the year-ago period and expectations of a loss of 12.84 billion rupees.
Gross bad loans as a percentage of total loans stood at 16.58% at end-March, compared with 16.93% in the previous quarter and 13.22% a year ago.
Bank of India posts $589 million fourth-quarter loss, misses estimates
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