Public sector lender Bank of India on Wednesday reported a seven per cent growth rate in its net profit to Rs 810.37 crore during the fourth quarter ended March 31, 2009, over the corresponding period a year ago.
Public sector lender Bank of India on Wednesday reported a seven per cent growth rate in its net profit to Rs 810.37 crore during the fourth quarter ended March 31, 2009, over the corresponding period a year ago.
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The bank had a net profit of Rs 757.04 crore in the fourth quarter last financial year, Bank of India said in a communique to the stock exchanges.
Total income during the January-March quarter of FY'09 rose to Rs 5,278.47 crore from Rs 4,154.86 crore in the same quarter last year. For the financial year ended March 31, Indian Bank posted a net profit of Rs 3,007.35 crore compared to Rs 2,009.40 crore in FY'08, up 49.66 per cent.
Total income rose to Rs 19,399.22 crore in the financial year 2008-09 from Rs 14,472.15 crore in FY'08. The bank announced a final dividend of 50 per cent, or Rs five per share for the year 2008-09. Shares of Bank of India were trading at Rs 245.80, down 1.97 per cent in the afternoon trade on the BSE.
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