Bank of India has reported results for third quarter ended December 31, 2020.
The Bank has reported 5-fold jump in its net profit of Rs 540.72 crore for the quarter under review as against net profit of Rs 105.52 crore for the same quarter in the previous year. However, total income of the bank decreased by 7.70% at Rs 12310.92 crore for Q3FY21 as compared Rs 13338.09 crore for the corresponding quarter previous year.
On the consolidated basis, the Bank has reported 4-fold jump in its net profit of Rs 610.37 crore for the quarter under review as against net profit of Rs 138.20 crore for the same quarter in the previous year. However, total income of the bank decreased by 7.87% at Rs 12372.88 crore for Q3FY21 as compared Rs 13430.53 crore for the corresponding quarter previous year.
