After PNB, THIS state-owned lender reports ₹227-crore loan fraud by Odisha-based firm to RBI

The bank has informed that Non Performing Asset (NPA) of Gupta Power Infrastructure Ltd has been declared as fraud, BoI said in a regulatory filing.

Against the outstanding amount of ₹226.84 crore, the bank has made provisions of ₹212.62 crore in case of Gupta Power Infrastructure Ltd, it said.

For the third quarter ended December 2024, BoI posted a 35 per cent jump in net profit to ₹2,517 crore against ₹1,870 crore in the year-ago period.

The lenders’ total income increased to ₹19,957 crore during the third quarter of the ongoing fiscal against ₹16,411 crore a year ago.

The interest income of the bank rose to ₹18,210 crore against ₹15,218 crore in the third quarter of the preceding year.

Its net interest income (NII) increased to ₹6,070 crore against ₹5,463 crore for Q3 FY24.