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Indian Overseas Bank reports 21% rise in Q3 consolidated net profit

20 Jan 2025 Evaluate

Indian Overseas Bank has reported results for third quarter ended December 31, 2024 (Q3FY25). 

The bank has reported 20.91% rise in net profit at Rs 873.66 crore for Q3FY25 as compared to Rs 722.56 crore for the same quarter in the previous year. Total income of the bank increased by 13.07% at Rs 8,409.25 crore for Q3FY25 as compared to Rs 7,437.17 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported 20.87% rise in its net profit at Rs 875.27 crore for the quarter ended December 31, 2024 as compared to Rs 724.14 crore for the same quarter in the previous year. Total income of the bank increased by 13.07% at Rs 8,415.34 crore for Q3FY25 as compared to Rs 7,442.66 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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