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Indian Overseas Bank reports 8% rise in Q3 net profit

30 Jan 2013 Evaluate

Indian Overseas Bank has reported results for third quarter ended December 31, 2012.

The bank has reported 7.60% rise in its net profit at Rs 116.50 crore for the quarter as compared to Rs 108.27 crore for the same quarter in the previous year. Total income of the bank has increased by 16.58% at Rs 5846.98 crore for quarter under review as compared to Rs 5015.33 crore for the quarter ended December 31, 2011.

The bank’s gross NPA for the December 31, 2012 quarter of the current fiscal stood at 4.13%, higher as compared to 3.00% in the same quarter of the previous year. Besides, bank’s Net NPA too was up at 2.33% in the quarter under review as against 1.23% in Q3FY12. 

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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