Bank of India net down

Government owned Bank of India closed the quarter ended June 30, 2015 with a steep fall in its net profit.

In a regulatory filing in the BSE, the bank said it has posted a net profit of Rs.129.72 crore during the first quarter of the current fiscal down from Rs.805.69 crore posted for the quarter ended June 30, 2014.

Bank of India earned a total income of Rs.11,659.16 crore during the period under review up from Rs.11,328.73 crore earned in the corresponding quarter of the previous year.