The state-run bank announced the first quarter results during trading hours today, 27 July 2012.
Meanwhile, the BSE Sensex was up 171.28 points or 1.03% to 16,811.10.
On BSE, 4.26 lakh shares were traded in the counter as against average daily volume of 71,128 shares in the past one quarter.
The stock hit a high of Rs 316.30 and a low of Rs 289.90 so far during the day.
Bank of India's ratio of net non-performing assets (NPA) stood at 1.69% of net advances as on 30 June 2012, higher than 1.47% as on 31 March 2012 and 1.27% as on 30 June 2011. The ratio of gross NPA stood at 2.56% of gross advances as on 30 June 2012, higher than 2.34% as on 31 March 2012, but lower than 2.69% as on 30 June 2011.
Bank of India's net profit jumped 71.47% to Rs 887.45 crore on 17.22% growth in total income to Rs 8550.03 crore in Q1 June 2012 over Q1 June 2011.
Bank of India's provisions and contingencies declined 16.74% to Rs 472.23 crore in Q1 June 2012 over Q1 June 2011. The provision coverage ratio stood at 60.86% as on 30 June 2012.
Bank of India's Capital Adequacy Ratio (CAR) (as per Basel II norms) stood at 11.42% as on 30 June 2012, lower than 11.95% as on 31 March 2012 and 11.57% as on 30 June 2011.
The Government of India (GoI) holds 62.72% stake in Bank of India (as per the shareholding pattern as on 30 June 2012).
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