Indian Overseas Bank reported results for second quarter ended September 30, 2022.
The bank has reported rise of 33.19% in its net profit at Rs 501.34 crore for Q2FY23 as compared to Rs 376.41 crore for the corresponding quarter previous year. Total income of the bank increased by 14.96% to Rs 5852.45 crore for the quarter under review as compared to Rs 5090.72 crore for the same quarter in the previous year.
On the consolidated basis, the bank has reported rise of 32.85% in its net profit at Rs 500.20 crore for the quarter under review as compared to Rs 376.51 crore for the same quarter in the previous year. Total income of the bank increased by 14.95% to Rs 5854.02 crore for the quarter under review as compared to Rs 5092.68 crore for the same quarter in the previous year.
