Bank of India consolidated profit up 131 pc

Mumbai, May 30 (UNI) Bank of India has posted a net profit (after minority interest&share of earning in associates) of Rs 724.63 crore for the year ended March 31, 2006 as compared to Rs 313.71 crore for the year ended March 31, 2005.

Announcing this to BSE, the Bank said its total income rose from Rs 7176.99 crore in FY 04-05 to Rs 8219.96 crore for the year ended March 31, 2006 FY 05-06. The bank, which has entered its hundredth year of existence, announced the above audited consolidated results for the year ended March 31, 2006 The Banks stock, however, closed in the negative at Rs 120.15 per share, down nearly 2 per cent from its overnight closing level.

The trend is in line with the overall scenario which has seen bank stocks generally on the decline. In fact barring Canara Bank and Corporation Bank, all PSU bank stocks traded in the negative at the bourses Tuesday.

UNI SN PM AG1759