In Q4FY22, Bank of India’s net profit increased 142.3 percent to Rs 606 crore

Bank of India's net profit
0 0
Read Time37 Second

On improved net interest margins, the Bank of India‘s net profit increased 142.3 percent to Rs 606 crore in Q4FY22. In Q4FY21, it had a net profit of Rs 250 crore. The net profit for FY22 increased by 57.6% to Rs 3,405 crore from Rs 2,160 crore in FY21.

Subject to shareholder approval, the board recommended a dividend of Rs 2 per equity share for 2021-22.

On the BSE, the bank’s stock closed 1.51% higher at Rs 47.15 a share. The board had given consent to approach the market with an equity capital offering of up to Rs 2,500 crore to reduce the government’s stake, according to A K Das, managing director, and chief executive.

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

About Author

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published. Required fields are marked *