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Indian Overseas Bank reports 29% rise in Q1 consolidated net profit

22 Jul 2024 Evaluate

Indian Overseas Bank has reported results for first quarter ended June 30, 2024 (Q1FY25). 

The bank has reported 26.47% rise in its net profit at Rs 632.81 crore for the quarter ended June 30, 2024 as compared to Rs 500.35 crore for the same quarter in the previous year. Total income of the bank increased by 13.18% at Rs 7,568.00 crore for Q1FY25 as compared to Rs 6,227.34 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported 28.69% rise in net profit at Rs 648.66 crore for Q1FY25 as compared to Rs 504.03 crore for the same quarter in the previous year. Total income of the bank increased by 21.71% at Rs 7,587.47 crore for Q1FY25 as compared to Rs 6,234.15 crore for the corresponding quarter previous year.


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