Indian Overseas Bank’s interest income stood at Rs 5,821 crore for the quarter ended September 30, 2023.
IOB’s gross NPA ratio improved to 4.74 per cent in the second quarter of this fiscal, from 8.53 per cent in the same period of 2022-23 fiscal
Indian Overseas Bank (IOB) on Friday posted a 25 per cent growth in its net profit to Rs 625 crore during the second quarter ended September 30, 2023. Its interest income during July-September 2023 stood at Rs 5,821 crore for the quarter ended September 30, 2023.
The state-owned lender had posted a net profit of Rs 501 crore in the year-ago period.
IOB’s gross NPA ratio improved to 4.74 per cent in the second quarter of this fiscal, from 8.53 per cent in the same period of 2022-23 fiscal. Its total business improved to Rs 4.82 lakh crore.
Shares of IOB were trading 4.74 per cent higher at Rs 40.22 apiece on the BSE.
