Bank of India's net profit rises 142.3% to Rs 606 crore in Q4FY22

Bank of India’s net profit rose 142.3 per cent to Rs 606 crore in Q4FY22, on improvement in net interest margins. It had posted a net profit of Rs 250 crore in Q4FY21. For FY22, the net profit rose 57.6 per cent to Rs 3,405 crore from Rs 2,160 crore in FY21. 

The board recommended a dividend of Rs 2 per equity share (of face value of Rs 10) for 2021-22 subject to shareholders’ nod. 

The bank’s share closed 1.51 per cent higher at Rs 47.15 per share on BSE. A K Das, managing director and chief executive said the board had