Indian Overseas Bank has organized its Home Expo in Bangalore at the Kalinga Hall, Hotel Lalit Ashok which was held on November 9 - 10, 2013. The Expo was organized by bank’s Bangalore Region which brought together many trusted builders who showcased their prized properties.
The bank has reported a fall of 16.33% in its net profit at Rs 132.55 crore for the quarter ended September 30, 2013 as compared to Rs 158.43 crore for the same quarter in the previous year. Total income of the bank increased by 8.79% at Rs 5999.75 crore for quarter under review as compared to Rs 5515.02 crore for the quarter ended September 30, 2012.
Gross non-performing assets (NPAs) have increased to 4.65% in the July-September quarter as against 3.87% in the same quarter previous year, while net NPAs too increased to 2.83%.