Indian Overseas Bank reports net loss of Rs 550.83 crore in Q2

Indian Overseas Bank | Bank - Public | BFSI | BSE: 532388 | NSE: IOB

02 Nov 2015 Evaluate

Indian Overseas Bank has reported results for second quarter ended September 30, 2015.

The bank has posted a net loss at Rs 550.83 crore for the quarter ended September 30, 2015 as compared to net loss Rs 245.51 crore for the same quarter in the previous year. However, total income has increased by 5.11% at Rs 6769.94 crore for quarter under review as compared to Rs 6440.77 crore for the quarter ended September 30, 2014.

The bank’s gross NPA for the July-September quarter of the current fiscal rose to 11.00%, as compared to 9.35% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 7.41% in Q2FY16.

Peers

Company Name	CMP
State Bank Of India	979.40
PNB	116.00
Bank Of Baroda	234.40
Canara Bank	123.10
Union Bank Of India	176.50
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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