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Bank of India reports 9% growth in Q1FY14 net profit

26 Jul 2013 Evaluate

Bank of India has reported results for the first quarter ended June 30, 2013.

The bank’s net profit for the quarter grew by 8.64% at Rs 964.18 crore as compared to Rs 887.45 crore for the quarter ended June 30, 2012. Bank's total Income has risen by 13.71% to Rs 9722.01 crore for the quarter under review from Rs 8550.03 crore for the corresponding quarter of the previous fiscal. 

Bank of India has 52 foreign offices in 20 countries and over 25% of its business is sourced from overseas. It was also the first Indian Bank to venture abroad having opened a branch in London in 1946.

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