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Indian Overseas Bank reports Rs 765.13 crore net loss in Q2

11 Nov 2016 Evaluate

Indian Overseas Bank has reported results for second quarter ended September 30, 2016.

The Bank has reported a net loss of Rs 765.13 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 550.83 crore for the same quarter in the previous year. Total income of the Bank decreased by 11.94% at Rs 5961.62 crore for Q2FY17 as compared Rs 6769.94 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July- September quarter of the current fiscal increased to 21.77%, as compared to 11% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 14.30% in Q2FY17.


Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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