State-owned Bank of India (BoI) today reported 10 per cent increase in net profit

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to Rs 716.16 crore for the quarter ended December 31.

The bank had posted a net profit of Rs 653.16 crore for the third quarter last fiscal, BoI said in a filing to the BSE.

Total income of the Mumbai-based lender rose to Rs 8,002.27 crore during the October-December quarter from Rs 6,115.76 crore in the same period last year.

During the first nine months of 2011-12, the bank's net profit, however, declined by 14 per cent to Rs 1,724.79 crore from Rs 1,995.07 crore in the same period a year ago.

The bank reported a total income of Rs 23,024.11 crore for the April-December period, compared to Rs 17,263.43 crore in the same period last financial year.