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Bank of India 4Q profit rises 76% on loan demand

Bank of India 4Q profit rises 76% on loan demand
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First Published: Mon, Apr 23 2007. 12 57 PM IST
Updated: Mon, Apr 23 2007. 12 57 PM IST
Sumit Sharma, Bloomberg
Mumbai: Bank of India, the nation’s sixth biggest by assets, said fourth-quarter profit rose 76% as companies and individuals borrowed more in the world’s fastest expanding major economy after China.
Profit in the three months ended 31 March rose to Rs4.47 billion ($107 million), compared with Rs2.54 billion a year earlier, the Mumbai-based bank said in a statement to the Bombay Stock Exchange. That was higher than Rs3.2 billion median estimate of four analysts surveyed by Bloomberg News.
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First Published: Mon, Apr 23 2007. 12 57 PM IST
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