Public sector Indian Overseas Bank has reported a marginal increase in net profit to Rs 205.5 crore for the first quarter ending June 30, 2011.
The city-headquartered company had reported a net profit of Rs 200 crore for the same period last fiscal, a bank statement here said.
Total income for the quarter ending June 30, 2011, was Rs 4,332 crore, as against Rs 2,882 crore during the corresponding quarter of the previous year, it said.
Operating profit for the three months ending June 30, 2011, grew by 73% to Rs 802.60 crore from Rs 464 crore in the same period last year,it added.
For the three months ending June 30, 2011, total business grew to Rs 2,70,320 crore from Rs 1,92,412 crore during the same period last year.
Total deposits also grew to Rs 1,51,173 crore during the quarter ending June 30, 2011, from Rs 1,09,461 crore in the same period last year, it said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app