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Indian Overseas Bank reports net loss of Rs 2253.64 crore in Q2

05 Nov 2019 Evaluate

Indian Overseas Bank has reported results for second quarter ended September 30, 2019.

The bank has reported a net loss of Rs 2253.64 crore for the quarter under review as compared to net loss of Rs 487.26 crore for the same quarter in the previous year. Total income of the bank decreased by 6.06% at Rs 5024.00 crore for Q2FY20 as compared Rs 5348.35 crore for the corresponding quarter previous year. 

The Bank’s gross NPA for the July-September quarter of the current fiscal improved to 20.00%, as compared to 24.73% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 9.84% in Q2FY20.

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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