Mumbai: Public sector Bank of Baroda (BoB) Wednesday posted a 52.23% increase in net profit at Rs501.05 crore for the quarter ended 31 December, 2007, while the Indian Overseas Bank (IoB) posted a 24.88% increase in net profit at Rs308.18 crore in the same period.
The BoB total income grew 35.68% at Rs3,620.18 crore for the quarter under review, compared to Rs2,668.11 crore in the same quarter last year, the company informed the Bombay Stock Exchange. Shares of the bank were trading at Rs 396, down 2.88%on the BSE.
The IoB raised its total income by 42.74% to Rs 2,295.34 crore in the third quarter from Rs 1,608.07 crore for the same period last year, the bank informed the Bombay Stock Exchange. Shares of the firm were trading at Rs 165, down 3.65% on the BSE.