If there is an example of how merciless investors can be at times, the over 11% fall in Bank of India’s stock on Monday is proof enough. And why shouldn’t they be? The sixth largest lender by assets reported the third largest quarterly loss among public sector banks for the fourth quarter of fiscal year 2017.
Although its bad loan ratios show an improvement, asset quality has worsened in the March quarter. Gross bad loans were 13.22% of loan book, down marginally compared to the previous quarter and net bad loan ratio also fell to 6.9%.