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Bank of India's net profit rises 142.3% to Rs 606 crore in Q4FY22

The board recommended a dividend of Rs 2 per equity share (of face value of Rs 10) for 2021-22 subject to shareholders' nod

Among the first to exit PCA in February 2019, BOI has significantly reduced its gross non-performing assets (NPA) from 16.3 per cent in Q3 FY20 to 13.3 per cent in December quarter
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The bank’s share closed 1.51 per cent higher at Rs 47.15 per share on BSE

BS Reporter
Bank of India’s net profit rose 142.3 per cent to Rs 606 crore in Q4FY22, on improvement in net interest margins. It had posted a net profit of Rs 250 crore in Q4FY21. For FY22, the net profit rose 57.6 per cent to Rs 3,405 crore from Rs 2,160 crore in FY21. 

The board recommended a dividend of Rs 2 per equity share (of face value of Rs 10) for 2021-22 subject to shareholders’ nod. 

The bank’s share closed 1.51 per cent higher at Rs 47.15 per share on BSE. A K Das, managing director and chief executive said the board had

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First Published: May 26 2022 | 12:34 AM IST

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