Bank of India (BoI) had received capital infusion of Rs 808.99 crore from the government on March 4 following the allotment of 2.21 crore equity shares at a price of Rs 365.70 per unit on preferential basis.
This is part of the Rs 12,517 crore capital infusion plan announced by the government in January. The government infused about Rs 20,117 crore in public sector banks during 2010-11, and Rs 12,000 crore in 2011-12.
The bank reported 12.19% rise in its net profit at Rs 803.48 crore for third quarter ended December 31, 2012 as compared to Rs 716.15 crore for the same quarter in the previous year. Total income of the bank increased by 11.97% at Rs 8959.83 crore for quarter under review as compared to Rs 8002.27 crore for the quarter ended December 31, 2011.
