Indian Overseas Bank Q4 results: PAT rises 30% to ₹1,051 cr on lower NPAs

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Indian Overseas Bank Q4 results: PAT rises 30% to ₹1,051 cr on lower NPAs - Business Standard

Quick Summary:

State-owned Indian Overseas Bank (IOB) on Friday reported a 30 per cent rise in net profit to Rs 1,051 crore for the March quarter, helped by a decline in bad loans and a rise in interest income.

During the quarter, the bank's total income increased to Rs 9,215 crore, as against Rs 9,106 crore a year ago, Indian Overseas Bank said in a regulatory filing.

Interest income grew to Rs 7,634 crore during the period under review, from Rs 6,629 crore in the corresponding quarter a year ago.