Bank of India has reported results for the fourth quarter and year ended March 31, 2018.
The bank has reported a net loss of Rs 3,969.27 crore for the quarter ended March 31, 2018 as compared to net loss of Rs 1,045.54 crore for the same quarter in the previous year. Total income of the Bank decreased by 13.08% at Rs 10,722.07 crore for quarter under review as compared to Rs 12,335.71 crore for the quarter ended March 31, 2017.
For the year ended March 31, 2018, the bank has posted a net loss of Rs 6,043.71 crore as compared to net loss of Rs 1,558.34 crore for the previous year. Total income of Bank decreased by 4.90% at Rs 43,805.17 crore for the year under review as compared to Rs 46,063.18 crore for year ended March 31, 2017.
