Bank of India FY05 net drops 66%

Bank of India today reported a 66% decline in net profit at Rs 340.05 crore for the year ended March 31, 2005 as against Rs 1,008.32 crore in FY04.

According to a release issued by the bank to the BSE today, total income declined to Rs 7,187.32 crore in FY05 from Rs 7,587.89 crore in FY04.

The board has declared a final dividend of 10% in addition to the interim dividend of 10% paid earlier, the release added.