Public sector lender Bank of India
(BOI) has reported a whopping 93%Year-on-Year jump in its fourth
quarter (Jan-March) net profit at Rs 953 crore, driven by higher
interest income and lower operating expenses.
Net interest income or the difference between interest earned and paid out rose 21% sequentially to Rs 2501 crore. However, net profit increased at a slower pace by 7.6% to Rs 2678 crore for fiscal year ending March 31, 2012
The bank's global loan book expanded more then 16% to Rs 2.49 lakh crore, while deposits grew at a muted pace nearly 6.5% to 3.18 lakh crore.
Post the result announcement, BOI stock rose 5% to Rs 352.25.
Public sector lender Bank of India (BOI) has reported a whopping 93%Year-on-Year jump in its fourth quarter (Jan-March) net profit at Rs 953 crore, driven by higher interest income and lower operating expenses.
Net interest income or the difference between interest earned and paid out rose 21% sequentially to Rs 2501 crore. However, net profit increased at a slower pace by 7.6% to Rs 2678 crore for fiscal year ending March 31, 2012
The bank's global loan book expanded more then 16% to Rs 2.49 lakh crore, while deposits grew at a muted pace nearly 6.5% to 3.18 lakh crore.
Post the result announcement, BOI stock rose 5% to Rs 352.25.
Net interest income or the difference between interest earned and paid out rose 21% sequentially to Rs 2501 crore. However, net profit increased at a slower pace by 7.6% to Rs 2678 crore for fiscal year ending March 31, 2012
The bank's global loan book expanded more then 16% to Rs 2.49 lakh crore, while deposits grew at a muted pace nearly 6.5% to 3.18 lakh crore.
Post the result announcement, BOI stock rose 5% to Rs 352.25.
Public sector lender Bank of India (BOI) has reported a whopping 93%Year-on-Year jump in its fourth quarter (Jan-March) net profit at Rs 953 crore, driven by higher interest income and lower operating expenses.
Net interest income or the difference between interest earned and paid out rose 21% sequentially to Rs 2501 crore. However, net profit increased at a slower pace by 7.6% to Rs 2678 crore for fiscal year ending March 31, 2012
The bank's global loan book expanded more then 16% to Rs 2.49 lakh crore, while deposits grew at a muted pace nearly 6.5% to 3.18 lakh crore.
Post the result announcement, BOI stock rose 5% to Rs 352.25.
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