 "IoB posts Rs 936 cr loss in Q4, against Rs 35 cr profit a year ago")
Total income has decreased to Rs 6,158 crore, from Rs 6,704 crore for the quarter ended March 2015.
Net loss for 2015-16 was Rs 2,898 crore, due to implementation of Assets Quality Review, which warranted increased provisions on identified non-performing assets (NPAs). This resulted in negative results for 2015-16.
Gross NPAs stood at Rs 30,049 crore, with gross NPA ratio of 17.4 per cent. Net NPA stood at Rs 19,213 crore, with net NPA ratio 11.9 per cent as on March 31.
In 2015-16, the Bank has raised capital to the tune of Rs 2,009 crore from the centre and Rs 202 crore from LIC.
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