Bank of India has reported results for first quarter ended June 30, 2020.
The Bank has reported 3- fold jumps in its net profit of Rs 843.60 crore for the quarter under review as against Rs 242.62 crore for the same quarter in the previous year. Total income of the bank increased by 3.60% at Rs 11941.52 crore for Q1FY21 as compared Rs 11526.95 crore for the corresponding quarter previous year.
On the consolidated basis, the Bank has reported 5- fold jumps rise in its net profit of Rs 845.78 crore for the quarter under review as against Rs 154.10 crore for the same quarter in the previous year. Total income of the bank increased by 3.52% at Rs 12022.48 crore for Q1FY21 as compared Rs 11613.21 crore for the corresponding quarter previous year.
