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Bank of India March quarter net up 69% y-o-y

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Press Trust of India Mumbai

The company had net profit of Rs 447.44 crore for the quarter ended March 31, 2007, the bank said in a filing to the National Stock Exchange (NSE).

For the year ended March 31, the bank posted net profit of Rs 2,009.40 crore, against Rs 1,123.17 crore last year. It declared a dividend of Rs 4 on shares of Rs 10 each (40 per cent) for the financial year 2007-2008.

 

The bank earned interest of Rs 3,501.61 crore for the quarter ended March 31, against Rs 2,615.39 crore last fiscal, the bank added.

The bank earned interest of Rs 12,355.22 crore for the year ended March 31, as compared to Rs 9,180.33 crore in the previous year.

Shares of the bank were trading at Rs 343.45, up 3.05 per cent on NSE in the afternoon trade.

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First Published: Apr 30 2008 | 1:53 PM IST

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