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Multibagger BoI stock crashes over 6% as provisions rise in Q3
Multibagger BoI stock crashes over 6% as provisions rise in Q3
The bank has made provisions (other than tax) and contingencies to the tune of Rs 1,878 crore, an increase of 462% over Rs 334 crore provisioned during the same period last year. On the business front, domestic deposits increased marginally to Rs 5.56 trillion in the December quarter, while domestic advances increased 12% to Rs 4.26 trillion.
The bank has made provisions (other than tax) and contingencies to the tune of Rs 1,878 crore, an increase of 462% over Rs 334 crore provisioned during the same period last year. On the business front, domestic deposits increased marginally to Rs 5.56 trillion in the December quarter, while domestic advances increased 12% to Rs 4.26 trillion.
The bank has made provisions (other than tax) and contingencies to the tune of Rs 1,878 crore, an increase of 462% over Rs 334 crore provisioned during the same period last year. On the business front, domestic deposits increased marginally to Rs 5.56 trillion in the December quarter, while domestic advances increased 12% to Rs 4.26 trillion. 
