Indian Overseas Bank has reported results for fourth quarter and year ended March 31, 2022.
The bank has reported a rise of 57.93% in its net profit at Rs 552.38 crore for the quarter under review as compared to Rs 349.77 crore for the same quarter in the previous year. However, total income of the bank decreased by 5.85% at Rs 5718.68 crore for Q4FY22 as compared Rs 6073.80 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the bank has reported 2- fold jump in its net profit at Rs 1709.54 crore as compared to Rs 831.47 crore for the previous year. However, total income of the bank decreased by 3.96% at Rs 21632.89 crore for year under review as compared to Rs 22524.55 crore for year ended March 31, 2021.
