News

Bank of India reports 13% fall in Q1 consolidated net profit

Total consolidated income of the bank decreased by 2.13% at Rs 11766.38 crore for Q1FY22

Bank of India has reported results for first quarter ended June 30, 2021.

The bank has reported 14.65% fall in its net profit of Rs 720 crore for the quarter under review as against net profit of Rs 843.60 crore for the same quarter in the previous year. Total income of the bank decreased 2.04% at Rs 11698.13 crore for Q1FY22 as compared Rs 11941.52 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported 13.05% fall in its net profit of Rs 735.37 crore for the quarter under review as against net profit of Rs 845.78 crore for the same quarter in the previous year. Total income of the bank decreased by 2.13% at Rs 11766.38 crore for Q1FY22 as compared Rs 12022.48 crore for the corresponding quarter previous year.