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IOB inaugurates 41st branch in Kerala

06 Mar 2013 Evaluate

Indian Overseas Bank (IOB), lead bank for Thiruvananthapuram has opened its 41st branch of the district at Nedumangadu, in Kerala. The branch was formally inaugurated by C Haridas, Chief Regional Manager of the bank.

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.

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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