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Jump in provisioning pulled down profits: Bank of India

Bank of India has posted a net profit of Rs 491 crore, far below street expectations. A CNBC-TV18 poll had pegged the figure at Rs 603 crore. “This is on account of a jump in provisioning against NPs for the quarter,” says Alok Kumar, chairman and nmanaging director, Bank of India.

first published: Nov 8, 2011 05:32 pm

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