Bank of India posts 74% rise in June quarter net proft to Rs 887 crore

MUMBAI: Bank of India today reported 74 per cent jump in net profit at Rs 887.45 crore for the quarter ended June 30, 2012.

Its profit during April-June quarter of the previous fiscal was at Rs 517.53 crore.

The total income of the bank in the first quarter rose to Rs 8,550.03 crore, from Rs 7,293.68 crore a year ago.

Its operating profit during April-June was at Rs 1,673.56 crore, up from Rs 1,395.94 crore a year ago.

Bank's income from domestic segment was at Rs 7,525.48 crore during April-June, up from Rs 6,702.80 crore year earlier. Meanwhile income from international segment rose to Rs 1,024.55 crore from Rs 590.88 crore year ago.

The bank had assets worth Rs 4,00,540.99 crore as of June 30, 2012, up from Rs 3,45,957.65 crore in the corresponding period a year ago.

Shares of the bank settled at Rs 292 piece on the BSE, down 5.13 per cent from the previous close.