Business Standard

IOB net profit rises 22% to Rs 529 cr

Related News

(IOB) has posted an increase of 21.76 per cent in at Rs 528.81 crore for the quarter ended March 31, against Rs 434.29 crore registered during the year-ago period. Total income stood at Rs 5,416.09 crore for the quarter ended March,compared with Rs 3,916.58 crore posted for the corresponding period of last year, an increase of 38.29 per cent.

The total business for 2011-12 grew to Rs 3,21,707 crore from Rs 2,59,020 crore during the previous year. The net non-performing assets (NPA) stood at Rs 1,907.44 crore,as against Rs 1,328.42 crore as on March 31, 2011, with net NPA ratio of 1.35 per cent and 1.19 per cent, respectively.

IOB would need an additional capital of about Rs 9,500 crore by 2017-18 to maintain the capital adequacy ratio prescribed by the Base-III international accounting standards, which according to the Reserve Bank of India, would come into effect from January 1, 2013.

Read more on:   
|
|
|
|

Read More

Rupee touches new low at Rs 56.5 vs dollar

The rupee today tumbled by 26 paise to trade at a new low of Rs 56.50 against the US dollar in early trade on increased capital outflows and strong ...

Quick Links

More news from Finance Rss icon

Time is running out for PSU banks

If the stressed asset of banks crosses the 20% mark, RBI might limit the loan-sanctioning powers of banks with stressed asset ratios near 20%

State lenders face tough sell on capital raising plan

Investors wary about deteriorating asset quality, slackening credit demand

'Stressed' banks may face lending curbs

RBI cautions lenders with 20% stressed assets

Back to Top