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Bank of India Q2FY24; 76% rise in Profits

Bank of India is an India-based bank. The Bank’s segments include Treasury Operations, Wholesale Banking and Retail Banking. The Treasury operations segment includes the entire investment portfolio, which is dealing in government and other securities, money market operations and foreign exchange operations.(Source : Company Web-site )

Financial Results:

Bank of India reported Revenues for Q2FY24 of ₹15,062.00 Crores up from ₹11,545.00 Crore year on year, a rise of 30.46%.

Total Expenses for Q2FY24 of ₹13,802.00 Crores up from ₹11,746.00 Crores year on year, a rise of 17.5%.

Consolidated Net Profit of ₹1,499.00 Crores up 75.73% from ₹853.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹3.65, up 75.48% from ₹2.08 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Banking
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