Bank of India FY05 consolidated net drops 70%

Bank of India has reported a 70% slump in its consolidated net profit (after minority interest & share of earning in associates) at Rs 313.71 crore for the year ended March 31, 2005 as compared to Rs 1,050.68 crore for the year ended March 31, 2004.

According to a release issued by BoI to the BSE, total income has decreased from Rs 7,573.79 crore in FY-04 to Rs 7,176.99 crore for the year ended March 31, 2005.