Bank of India
BANKING Bank of India’s total business rises 18.5% to Rs. 6.75 lakh crore in FY 2013 Board of Directors of the Bank propose dividend of 100% in FY 2013 as against 70% in FY 2012 Bank of India posted a total business of Rs. 6.75 lakh crore in FY 2013, up 18.5% on a y-o-y basis. Operating Profit for FY 2013 grew 11.42% to Rs. 7,458 crore in FY 2013 as compared to Rs. 6,693 crore in FY 2012. Net Profit for FY 2013 was Rs. 2,749 crore as compared to Rs. 2,677 crore. The Board of Directors of the Bank proposed a dividend of 100% as compared to 70% last fiscal. Net Interest Income for FY 2012-13 increased by 8.55% on YoY basis from Rs. 8,313 crore to Rs. 9,024crore. Non-Interest Income increased by 13.4% on YoY basis from Rs.3,321crore to Rs.3,766 crore. Book value per share improves from Rs. 326.52 in March 2012 to Rs. 362.37 in March 2013. The Bank of India annual results were declared by the Bank’s senior management comprising Smt. V. R. Iyer (Chairperson a...