Business Standard

BoI posts Q4 profit of Rs 250 cr versus Rs 3,571 cr loss a year ago

Full year (FY21) profit at Rs 2,160 crore, as against loss of Rs 2,957 crore in FY20

BOI, United Bank to raise up to Rs 1,500 crore via bonds
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Bank of India

Abhijit Lele Mumbai
Public sector lender Bank of India (BOI) posted a net profit of Rs 250 crore in the fourth quarter ended March 2021 (Q4FY21) on a rise in other income and dip in provisions for bad loans.

It had posted a loss of Rs 3,571 crore in the quarter ended March 2020 (Q4FY20).

For the full financial year FY21, it posted a net profit of Rs 2,160 crore, as against loss of Rs 2,957 crore in Fy20.

Its stock was trading 2.5 per cent higher at Rs 82.2 per share on BSE.

In its filing with BSE, the bank said its

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