Bank of India reports stellar Q4 numbers

30 Apr 2012 Evaluate

Bank of India has reported a surge of 93% in its fourth quarter net profit at Rs 952.73 crore as compared to Rs 493.64 crore during the same quarter previous year. The bank’s total income rose 23.11% to Rs 8777.73 crore from Rs 7130.07 crore for the corresponding quarter last fiscal.

For the full year ended March 31, 2012, the bank has posted a rise of 7.59% in its net profit at Rs 2677.52 crore for the year ended March 31, 2012 as compared to Rs 2488.71 crore for the same period in the previous year. Total income has jumped 30.37% at Rs 31801.84 crore for year under review as compared to Rs 24393.50 crore for the period ended March 31, 2011.

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