Bank of India Q1 net down 28% to Rs 517 cr
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Last Updated: Mon, Jul 25, 2011 15:02 hrs
State-owned Bank of India (BoI) today posted a 28% decline in net profit at Rs 517.5 crore for the first quarter ended June 30, 2011.
It had posted a net profit of Rs 725.1 crore for the corresponding quarter of the last fiscal, BoI said in a filing to the Bombay Stock Exchange (BSE).
However, the total income of the bank during the period increased by 34.8% at Rs 7,293.6 crore as compared to Rs 5,407.6 crore during the year-ago period.
The interest income of the bank rose to Rs 6,633.5 crore as compared to Rs 4,821.7 crore in the same quarter in the previous fiscal.
BoI's gross non-performing assets (NPAs) declined marginally to 2.69% during the quarter ended June 30 from 2.71% in the same quarter a year ago, it said.
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