Bank of India reports 1,458cr Q2 net profit, an increase of 52%
Bank of India (BoI) has reported a net profit of Rs 1,458 crore an increase of 52% over Rs 960 crore in the corresponding quarter last year. The profit rose due to a 13% rise in net interest income to Rs 5,740 crore from Rs 5,083 crore in the corresponding quarter last year. Announcing the results, Bank of India MD & CEO Rajneesh Karnatak said the bank would retain its net interest margin, currently at 3.08% above the 3% level for the whole of the year.
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