Company Profile For Bank of India

Bank of India (BOI.BO) (Bombay Stock Exchange)

sector: Financials · industry: Banks ·

As of 3:47pm IST

376.00INR

Price Change

-14.10

Percent Change

-3.61%

Analyst Recommendations

Overview

Bank of India is an India-based company. The Company operates in three business segments: Treasury Operations, Wholesale Banking and Retail Banking. As of March 31, 2009, the Company’s customer deposits stood at Rs.30221 crore. As of March 31, 2009, the Company’s gross investment were 53,317.00 crore. The Bank has six credit card products. The Bank has also two affiliate Banks: Bank of Maharashtra and Tamilnadu Mercantile bank Ltd issuing credit cards under the brand name IndiaCard. As of March 31, 2009, the Company had 3021 branches in India. The bank has presence in 4 continents and 15 countries covering financial centres, such as London, New York, Paris, Tokyo, Singapore and Hong Kong. During the fiscal year ended March 31, 2009 (fiscal 2009), the Company opened 118 branches and converted 20 extension counters into full-fledged branches.

Quick Financial Synopsis

BRIEF: For the fiscal year ended 31 March 2009, Bank of India's interest income rose 32% to RS164.17B. Net interest income after loan loss provisions rose 39% to RS49.14B. Net profit rose 58% to RS30.88B. Net interest income reflects increased interest earned & an increase in income on investment and lower interest bearing liabilities. Net income also reflects increased other income and increased gross margins.