BoB profit up, bank expects to keep credit costs in control

​​The rise in other income made up for the tepid growth in net interest income (NII) which is the main income the bank earns by giving loans. NII increased 2% to Rs 7566 crore largely as cost of deposits fell to 3.52% in September 2021 from 3.99% a year ago and covered up for a 6% fall in total interest earned.

from Banking/Finance-Industry-Economic Times https://ift.tt/3DajMAs