Loan push for BoI Q4 profit

Driven by healthy loan growth, Bank of India (BoI) on Wednesday posted a 15% year-on-year rise in net profit at Rs 494.0 crore for the quarter ended March against Rs 428.0 crore last year.

Driven by healthy loan growth, Bank of India (BoI) on Wednesday posted a 15% year-on-year rise in net profit at Rs 494.0 crore for the quarter ended March against Rs 428.0 crore last year.

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For the full-year 2010-11, the bank’s net profit rose 43% at Rs 2,489.0 crore against Rs 1,741 crore in the year-ago period.

Net interest income for the quarter rose 49% to Rs 2,307 crore.