21-July-2025
Corporate News
 
Indian Overseas Bank profit surges 76% as provisions fall, other income improves
19-Jul-2025

Indian Overseas Bank’s (IOB) net profit rose 76% year-on-year to Rs 1,111 crore in the April-June quarter due to a fall in provisions and growth in other income. The bank’s other income grew by 43.4% y-o-y as the bank sold priority sector lending certificates worth Rs 200 crore and also recovered Rs 500 crore from written-off accounts. Sequentially, however, other income fell over 6%.

News Source:- https://www.financialexpress.com/business/banking-finance-indian-overseas-bank-profit-surges-76-as-provisions-fall-other-income-improves-3919485/
 
 
 

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