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.