Bank of India Q1 net up 78% at Rs 561.95 cr

Public sector Bank of India today announced a net profit of Rs 561.95 crore for the first quarter ended June 30, a 78.28 per cent growth over the corresponding period a year ago.     

The firm had a net profit of Rs 315.20 crore in the first quarter of FY08, Bank of India said in a filing to the Bombay Stock Exchange.     

The total income rose to Rs 4,114.74 crore in the June quarter, from Rs 3,108.41 crore in the same period a year ago.     

Shares of the bank were trading at Rs 293.65, up 3.11 per cent in the afternoon trade on the BSE.