Bank of India Q4 FY11 Results : Net profit rises 15.5%

by khalid on 03/05/2011 · 1 comment

Public sector lender Bank of India (BoI) has posted a net profit for the period Q4 (ending Mar 11) of the current fiscal (FY10-11). During the said quarter, net profit rose 15.5% to Rs 493.6 crores in comparison to Rs 427.9 crores of Q4 (ending Mar 10) of previous year (FY09-10). Bank of India is a leading bank of the country. The Bank has 1155 branches in India spread over all states/ union territories. The Bank has 1079 automated teller machines (ATMs) and 1200 branchless banking units thereby having a total functional units of 3434.

The bank informed the share market (BSE/NSE) that the total income rose 29.52% to Rs 7,130 crore in Q4 (ending Mar 2011) of the current fiscal (FY10-11) when compared with the same quarter Q4 (ending Mar 2010) of previous year (FY09-10). Total income was Rs 5,248.2 crores in last year’s quarter Q4.

The bank has recommended a dividend of 70 per cent or Rs 7 per share for the year 2010-11.

For the full financial year ended March 31, 2011, Bank of India (BoI) posted a net profit of Rs 2,488.7 crore, down by 43% as compared to Rs 1,741 crore in the last fiscal.

The bank’s total income during 2010-11 rose to Rs 24,393.5 crore from Rs 20,494.6 crore in 2009-10.

Share’s Data :-
BSE Code : 532149
Mkt. Cap : Rs 22,174.57 Crores
Bank of India share’s CMP is Rs 421.65 on 2nd May 2011.

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