Bank of India has reported results for first quarter ended June 30, 2019.
The Bank has reported over 2-fold jump in its net profit at Rs 242.62 crore for the quarter under review as compared to Rs 95.11 crore for the same quarter in the previous year. Total income of the bank increased by 8.43% at Rs 11526.95 crore for Q1FY20 as compared Rs 10631.02 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported a marginal fall of 0.14% in its net profit at Rs 154.10 crore for the quarter under review as compared to Rs 154.32 crore for the same quarter in the previous year. However, Total income of the bank increased by 8.31% at Rs 11613.21 crore for Q1FY20 as compared Rs 10722.27 crore for the corresponding quarter previous year.
