Bank of India has reported results for the quarter & year ended March 31, 2013.
The bank’s net profit for the quarter ended March 31, 2013 has declined by 20.59% at Rs 756.57 crore for the quarter as compared to Rs 952.73 crore for the quarter ended March 31, 2012. However, bank’s total income has increased by 5.56% to Rs 9265.55 crore for the quarter under review, as compared to Rs 8777.73 crore for the corresponding quarter of the previous fiscal.
The bank’s net profit for the year ended March 31, 2013 has increased by 2.68% at Rs 2749.35 crore as compared to Rs 2677.52 crore in previous year ended March 31, 2012. Its total income surged by 12.18% to Rs 35674.96 crore for the year from Rs 31801.84 crore of the previous year.
On consolidated basis, the Group’s net profit stood at Rs 2819.90 crore in FY13 as compared to Rs 2724.86 crore in the previous year, up by 3.49%. Its total income rose by 12.37% at Rs 35880.43 crore for the year under review as against Rs 31930.19 crore for the previous fiscal.
