From correspondents in Maharashtra, India, 03:44 PM IST

Bank of India Friday announced a consolidated net profit of Rs.19.59 billion ($489.96 million) during the fiscal year 2008 compared to Rs.11.08 billion ($277 million) for the year ended March 31, 2007.

The total income increased to Rs.145.28 billion ($3.63 billion) for the year ended March 31, 2008, from Rs.105.07 billion ($2.62 billion) in the year-ago period.

(Staff Writer, © IANS)