- Indian Overseas Bank posts 30% growth in net profit for December quarter
Chennai-based Indian Overseas Bank recorded a 40 percent growth in net profit for the quarter ended Decem ...More
Chennai-based Indian Overseas Bank recorded a 40 percent growth in net profit for the quarter ended December 2023 on controlling non-performing loans and lower provisioning. ...Less
- IOB Q3 results: Lender posts Rs 6,075 crore loss as provisions jump 3 times
The bank kept aside Rs 6,663.94 as provisions for bad loans in the quarter, which hit its bottom line. ...More
The bank kept aside Rs 6,663.94 as provisions for bad loans in the quarter, which hit its bottom line. ...Less
- Indian Overseas Bank Q3 Results: Net profit more than doubles to Rs 454 crore
A 30 per cent dip in total provision to Rs 1,065 crore helped the bank report higher profit. Its operatin ...More
A 30 per cent dip in total provision to Rs 1,065 crore helped the bank report higher profit. Its operating profit, however, fell 12 per cent to Rs 1,527 crore due to a fall in treasury earnings, bank managing director Partha Pratim Segupta said. ...Less
- IOB Q3 Results: Net profit soars 22% YoY to Rs 555 cr on rise in NII
The bank's net interest margin for the quarter improved to 3.27% as against 2.4% in the year-ago period, ...More
The bank's net interest margin for the quarter improved to 3.27% as against 2.4% in the year-ago period, helped by a 12 basis points fall in average cost of deposits. Average yield on advances rose 89 basis points. Net interest income grew 44% year-on-year at Rs 2,272 crore ...Less
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IOB Q3 Results
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