Indian Overseas Bank Q3 FY11 Results : Net profit zooms 2.27 times

by khalid on 28/01/2011 · 0 comments

Public sector lender Indian Overseas Bank has posted a net profit for the period Q3 (ending Dec 10) of the current fiscal (FY10-11). During the said quarter, net profit rose 2.27 times to Rs 231.65 crores in comparison to Rs 101.73 crores of Q3 (ending Dec 09) of previous year (FY09-10). Indian Overseas Bank is a major bank based in Chennai (Madras), with 2018 domestic branches and six branches overseas. IOB also has a network of about 771 ATMs all over India and IOB’s International VISA Debit Card is accepted at all ATMs belonging to the Cash Tree and NFS networks.

The bank has informed the share market (BSE/NSE) that the total income rose 22.07% to Rs 3452.86 crore in Q3 (ending Dec 2010) of the current fiscal (FY10-11) when compared with the same quarter Q3 (ending Dec 2009) of previous year (FY09-10). Total income was Rs 2828.65 crores in last year’s quarter Q3.

Share’s Data :-
BSE Code : 532388
Mkt. Cap : Rs 6,921.68 Crores
Indian Overseas Bank share’s CMP is Rs 127.05 on 28th Jan 2011.

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