BoI Q2 net rises 16.62%

BS 200 Scorecard

 Total income saw a marginal rise at Rs 1,894.93 crore (Rs 1,869.01 crore). Interest income fell 7.20 per cent to Rs 1403.93 crore (Rs 1512.93 crore). Other income rose 37.92 per cent to Rs 491 crore (Rs 356.08 crore).

 According to BoI chairman and managing director M Venugopalan, the fall in interest income was on the back of a fall in food credit and low interest rates.

 The net profit for the six months ended September 30 rose 15.90 per cent to Rs 431 crore (Rs 372 crore in H1, 2003).