BoI posts Q4 FY 06 net profit of Rs 254.42-crore

Mumbai, Apr 28 (UNI) Bank of India (BoI) has posted a net profit of Rs 254.42-crore for the quarter ended March 31, 2006, as compared to Rs 52.79-crore for the same corresponding period in FY 05, the bank informed the BSE today.

The bank's total income also increased from Rs 1,978.65-crore in Q4 FY 05 to Rs 2,326.58-crore in Q4 FY 06.

In FY 06, BoI has posted a net profit of Rs 701.44-crore as compared to Rs 340.05-crore in FY 05 while its total income jumped from Rs 7,187.32-crore in FY 05 to Rs 8,213.08-crore in FY 06.

The bank also informed the BSE that its Board of Directors has declared a dividend of 30 per cent.

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