Indian Overseas Bank reports net loss of Rs 919.44 crore in Q1

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

28 Jul 2018 Evaluate

Indian Overseas Bank has reported results for first quarter ended June 30, 2018.

The Bank has reported a net loss of Rs 919.44 crore for the quarter under review as against to net loss of Rs 499.09 crore for the same quarter in the previous year. However, total income of the Bank increased by 2.94% at Rs 5,326.71 crore for Q1FY19 as compared Rs 5,174.50 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 25.64%, as compared to 23.60% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 15.10% in Q1FY19.

Peers

Company Name	CMP
State Bank Of India	969.40
PNB	114.20
Bank Of Baroda	232.95
Canara Bank	122.40
Union Bank Of India	175.30
View more..

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
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
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.