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This is an archive article published on July 31, 2010

BoI Q1 net up 24% at Rs 725 cr

Public sector lender Bank of India today reported a 24 per cent growth in net profit at Rs 725.13 crore for the first quarter ended June 30.

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Public sector lender Bank of India today reported a 24 per cent growth in net profit at Rs 725.13 crore for the first quarter ended June 30.

Total income of the bank rose to Rs 5407.62 crore in the April-June quarter,from Rs 5,023 crore in the corresponding period a year ago,BoI said in a filing to the Bombay Stock Exchange.

The bank’s interest income rose over 10 per cent to Rs 4,821.72 crore,while the interest expenditure went up marginally to Rs 3,081.26 crore.

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