Bank of India FY07 net soars 60% to Rs 1123cr

Bank of India has posted a 60% jump in net profit at Rs 1123.17 crore for the year ended March 31, 2007 (FY07) when compared with Rs 701.44 crore for FY06.

According to an official release issued by the bank to the BSE today, total income has increased to Rs 10,743.28 crore for FY07 from Rs 8213.08 crore for FY06.

For the quarter ended March 31, 2007 (Q4FY07), the bank has posted a net profit of Rs 447.44 crore when compared with Rs 254.42 crore for Q4FY06.

Total income has increased  to Rs 3192.13 crore for Q4FY07 from Rs 2326.58 crore for the quarter ended March 31, 2006.