MoneyWorks4Me

Bank of India reports over 2- fold jump in Q1 consolidated net profit

28 Jul 2023 Evaluate

Bank of India has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The Bank has reported over 2- fold jump in its net profit at Rs 1551.07 crore for the quarter under review as compared to Rs 561.49 crore for the same quarter in the previous year. Total income of the bank increased by 42.22% at Rs 15821.08 crore for Q1FY24 as compared Rs 11124.36 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported over 2- fold jump in its net profit at Rs 1561.55 crore for the quarter ended June 30, 2023 as compared to Rs 657.62 crore for the same quarter in the previous year. Total income of the bank increased by 42.10% at Rs 15926.04 crore for Q1FY24 as compared Rs 11207.57 crore for the corresponding quarter previous year.

Peers
Company Name CMP
State Bank Of India 955.90
PNB 116.55
Bank Of Baroda 237.60
Canara Bank 120.20
Union Bank Of India 171.50
View more..