Indian Overseas Bank has reported results for first quarter ended June 30, 2022.
The bank has reported 20.06% rise in its net profit at Rs 392.18 crore for the quarter under review as compared to Rs 326.64 crore for the same quarter in the previous year. However, total income of the bank decreased by 10.33% at Rs 5,028.20 crore in Q1FY23 as compared Rs 5,607.34 crore for the corresponding quarter previous year.
The bank’s gross NPA for the April-June quarter of the current fiscal improved to 9.12%, as compared to 11.48% in the same quarter of the previous year.
