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Indian Overseas Bank reports 25% rise in Q2 consolidated net profit

28 Oct 2023 Evaluate

Indian Overseas Bank has reported results for second quarter ended September 30, 2023 (Q2FY24). 

The bank has reported 24.58% rise in its net profit at Rs 624.58 crore for Q2FY24 as compared to Rs 501.34 crore for the same quarter in the previous year. Total income of the bank increased by 18.50% at Rs 6,935.21 crore for Q2FY24 as compared Rs 5,852.45 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported 25.38% rise in its net profit at Rs 627.18 crore for the quarter under review as compared to Rs 500.21 crore for the same quarter in the previous year. Total income of the bank increased by 18.58% at Rs 6,941.50 crore for Q2FY24 as compared Rs 5,854.00 crore for the corresponding quarter previous year. 


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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