Bank of India reports 71% jump in Q1 net profit

Bank Of India | Bank - Public | BFSI | BSE: 532149 | NSE: BANKINDIA

27 Jul 2012 Evaluate

Bank of India has reported results for first quarter ended June 30, 2012.

The bank has registered a rise of 71.48% in its net profit at Rs 887.45 crore for the quarter under review as compared to Rs 517.53 crore for the same quarter in the previous year. Total income of the bank has increased by 17.23% at Rs 8550.03 crore for Q1FY13 as compared Rs 7293.68 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) of the bank declined to 2.56% in the April-June quarter as against 2.69% in the same quarter previous year however, net NPAs increased to 1.69%.

Peers

Company Name	CMP
State Bank Of India	993.50
PNB	118.25
Bank Of Baroda	237.00
Canara Bank	125.80
Union Bank Of India	179.60
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