*Bank of India (BoI)*, a public sector banking institution in India disclosed a phenomenal rise in standalone net profit for the quarter ended December 2008 due to sharp rise of 45.84% in interest on advances coupled with rise of 20.81% on investment income, components of other income.
During the quarter, the profit of the company rose 70.38% to Rs 8,721.70 million from Rs 5,118.90 million in the same quarter previous year. During the quarter, interest on advance stood at Rs 34,401.90 million while investment income stood at Rs 8,651.60 million. Interest earned for the quarter rose 37.83% to Rs 43,431.70 million, while total income for the quarter jumped 45.57% to Rs 53,937.40 million, when compared with the prior year period. The company posted earnings of Rs 16.61 a share during the quarter, registering 58.19% growth over prior year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Interest Income* 43,431.70 31,511.10 37.83 *Net Profit* 8,721.70 5,118.90 70.38 *Basic EPS* 16.61 10.50 58.19 --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
