Bank of India Q2 net up 79% at Rs763 cr

Bank of India Q2 net up 79% at Rs763 cr


Mumbai: Public sector lender Bank of India today announced a net profit of Rs762.8 crore for the second quarter ended 30 September, a 79.39% growth over the corresponding period a year-ago.

The bank had a net profit of Rs425.2 crore in the same quarter last financial year, Bank of India said in a filing to the Bombay Stock Exchange.

The total income of the bank rose to Rs4,612.2 crore for the quarter under review from Rs3,503.6 crore in the year-ago period.

For the six month ended 30 September, 2008, Bank of India registered a net profit of Rs1,324.8 crore, against a net profit of Rs740.4 crore for the same period last fiscal.

While, the total income rose to Rs8,727 crore for the six months ended 30 September current fiscal, from Rs8,612 crore in the same period of FY’08.

Shares of the company were trading at Rs288.40, down 0.14% in the afternoon trade on the BSE.