BoB posts net profit of Rs 826.96 crore in FY 06

Mumbai, Apr 28(UNI) Premier public sector banking major, Bank of Baroda (BoB), has posted a net profit of Rs 208.8 crore in Q4 FY 06 as compared to Rs 101.04 crore for the previous corresponding period last fiscal.

In a release issued to the Bombay Stock Exchange (BSE), the bank informed that its total income has increased from Rs 2,037.46 crore in Q4 FY 05 to Rs 2,358.45 crore in Q4 FY 06.

For the year ended March 31 FY 06 BoB has posted a net profit of Rs 826.96 crore as compared to Rs 676.84 crore in FY 05 while its total income increased from Rs 7,744.75 crore in FY 05 to Rs 8,291.69 crore in FY 06.

The Board of Directors of the bank has also recommended a dividend at 50 per cent (Rs 5 per share), the release added.

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