Bank of India, a state-owned commercial bank, witnessed a fall in share price on Wednesday after it reported a fall of 83.90% in the first quarter profit. The bank has reported a profit of Rs 1.29 billion for the quarter ended Jun. 30, 2015, compared with Rs 8.05 billion, a year ago.
Quarterly income totalled at Rs 116.59 billion, an increase of 2.92% over Rs 113.28 billion in the same period a year ago.
The bank has made provision of Rs 15.14 billion, which was higher by 69.61% from prior year period to Rs 8.93 billion.
Shares of the bank are trading at Rs 151.70, down Rs 2.8, or 1.81% at the Bombay Stock Exchange (BSE) on Wednesday at 9:35 a.m.
The scrip has touched an intra-day high of Rs 155.50 and low of Rs 150.70. The total volume of shares traded at the BSE is 97,027.