MoneyWorks4Me

Indian Overseas Bank reports net loss of Rs 554.44 crore in Q3

25 Jan 2017 Evaluate

Indian Overseas Bank has reported results for third quarter ended December 31, 2016.

The Bank has reported a net loss of Rs 554.44 crore for the quarter under review as compared to a net loss of Rs 1425.06 crore for the same quarter in the previous year. Total income of the Bank decreased 13.13% at Rs 5599.50 crore for Q3FY17 as compared to Rs 6445.78 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 22.42%, as compared to 12.64% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 14.32% in Q3FY17.

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
View more..