MoneyWorks4Me

Indian Overseas Bank’s Q1 net loss narrows to Rs 499 crore

11 Aug 2017 Evaluate

Indian Overseas Bank (IOB) has reported results for first quarter ended June 30, 2017.

The Bank has reported a net loss of Rs 499.09 crore for the quarter under review as compared to a net loss of Rs 1450.50 crore for the same quarter in the previous year. Total income of the Bank decreased by 11.82% at Rs 5174.50 crore for Q1FY18 as compared Rs 5868.44 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 23.60%, as compared to 20.48% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 14.97% in Q1FY18.

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..