Mumbai, Aug 3 (Reporter) Bank of India (BOI) reported a 10 percent rise in its net profit to Rs 1,703 crore in the first quarter of the current financial year, compared to Rs 1,551 crore in the same quarter last year. Net Interest Income (NII), a critical indicator of the bank's core income, saw a 6.1% rise, reaching Rs 6,275.8 crore, up from Rs 5,914 crore in the year-ago period. In terms of asset quality, Bank of India reported a decline in its Gross Non-Performing Assets (NPA) ratio, which stood at 4.62% for Q1, down from 4.98% in the previous quarter. The net NPA ratio also showed improvement, dropping to 0.99% from 1.22% quarter-on-quarter. Provision Coverage Ratio (PCR) improved by 62 basis points (bps) on-year, as per the release. The PCR of the state-owned bank stood at 92.11 percent as of June 30, 2024, against 90.59 percent as of March 31, 2024...////...