Indian Overseas Bank has reported result for the fourth quarter and year ended March 31, 2015.
The bank has posted a fall of 86.77% in its net profit at Rs 35.50 crore for the quarter ended March 31, 2015 as compared to Rs 268.33 crore for the same quarter in the previous year. However, total income of the bank has increased by 3.52% at Rs 6704.03 crore for quarter under review as compared to Rs 6475.93 crore for the quarter ended March 31, 2014.
For the year ended March 31, 2015, the bank has reported a net loss of Rs 454.33 crore as compared to a net profit of Rs 601.74 crore for the same period in the previous year. However, total income of the bank has increased by 4.92% at Rs 26076.93 crore for year under review as compared to Rs 24853.07 crore for the period ended March 31, 2014.
