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BoI Q3 net rises 83% to Rs 128 crore
Our Banking Bureau
Mumbai, Jan 25: Bank of India (BoI) has posted 82.86 per cent increase in its net profit for the third quarter ended December 31, 2000 to Rs 128 crore from Rs 70 crore in the corresponding period of the previous year.The board of directors announced its an audited financial results (provisional) for the third quarter ended December 31, 2000 after a board meeting held here today. Total income rose by 14.66 per cent to Rs 1,533 crore (Rs 1,337 crore) while total expenditure grew by 9.43 per cent to Rs 1,276 crore (Rs 1,166 crore). Provisions increased by 27.72 crore to Rs 129 crore (Rs 101 crore). Operating profit increased by 50.29 crore to Rs 257 crore (Rs 171 crore). Non-interest income increased by 9.76 per cent to Rs 180 crore (Rs 164 crore). Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.
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