Bank of India Q3 net dips 53% to Rs 405 cr

Public sector lender Bank of India (BoI) today said its net profit declined by 53.50 per cent to Rs 405.50 crore for the third quarter ended December 31, over the same period corresponding fiscal.

Total income declined to Rs 5,057.83 crore for the latest quarter against Rs 5,393.74 crore for the same period previous fiscal, BOI said in a filing to the Bombay Stock Exchange (BSE).

The bank has earned an interest of Rs 4,486.23 crore for the quarter ended December 31, as against Rs 4,343.17 crore for the same period last fiscal.

For the nine-month period ended December 31, 2009, the bank posted a net profit of Rs 1,313.16 crore as compared to Rs 2,196.98 crore for the same period previous fiscal.

 

Shares of BoI were trading at Rs 370.40 on the BSE, down 1.31 per cent from its previous close.