Bank of India has reported results for fourth quarter and year ended March 31, 2017.
The Bank has reported a net loss of Rs 1045.54 crore for the quarter ended March 31, 2017 as compared to a net loss of Rs 3587.11 crore for the same quarter in the previous year. However, total income of the Bank increased by 8.35% at Rs 12335.71 crore for quarter under review as compared to Rs 11384.91 crore for the quarter ended March 31, 2016.
For the year ended March 31, 2017, the Bank has posted a net loss of Rs 1558.34 crore as compared to a net loss of Rs 6089.21 crore in FY16. However, total income of the Bank increased marginally by 1.35% at Rs 46063.18 crore for year under review as compared to Rs 45449.01 crore for the year ended March 31, 2016.
For the year ended March 31, 2017, on the consolidated basis, the Bank has posted a net loss of Rs 1470.10 crore as compared to a net loss of Rs 6204.26 crore in the previous year. However, total income of the Bank increased marginally by 1.40% at Rs 46404.68 crore for year under review as compared to Rs 45764.46 crore for the year ended March 31, 2016.
