Bank of India Q4 net profit drops 21% to Rs 757 crore

Mumbai: Public sector Bank of India today reported a 20.58 percent drop in net profit at Rs 756.57 crore for the fourth quarter ended March 31. The bank had a net profit of Rs 952.73 crore in the January-March quarter of 2012.

Total income increased to Rs 9,265.55 crore for the quarter ended March 31, 2013. Reuters[/caption]

Total income increased to Rs 9,265.55 crore for the quarter ended March 31, 2013 from Rs 8,777.73 crore in the January-March 2012, BoI said in a filing to BSE. For the full fiscal ending March, BoI reported a net profit of Rs 2,749.35 crore, a growth of 2.69 percent as compared to Rs 2,677.52 crore in the year ago period.

Total income of the bank increased to Rs 35,674.96 crore during the fiscal, from Rs 31,801.84 crore in the 2011-12 financial year. On a consolidated bases, for the full fiscal ended March 31, 2013, BoI reported a 3.48 per cent growth in net profit at 2,819.90 crore. The bank had a net profit of Rs 2,724.86 crore in 2011-12 fiscal.

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Shares of BoI were trading at Rs 328.05, down 3.23 percent over previous close on the BSE.

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