Bank of India net falls 38.5%

Bank of India has reported a 38.53 per cent drop in its second quarter net profit at Rs 301.85 crore against Rs 491.11 crore in the year-ago period.

Total income of the public sector bank increased 15 per cent to Rs 8,899.55 crore (Rs 7,728.16 crore).

Shares of the bank were trading at Rs 276.10 per share at 2.45 pm on the BSE, down 3.78 per cent from the previous close.