 "Indian Overseas Bank's Q4 net loss narrows to Rs 647 cr")
Indian Overseas Bank (IOB) has reported a net loss of Rs 647 crore during the quarter ending in March as against Rs 936.19 crore in the same quarter last year.
Bank's total income dropped to Rs 5,661.70 crore from Rs 6,157.72 crore.
Total business stood at Rs 3,68,119 crore on March-end.
Bank's CASA marginally reduced to 36.09 per cent as in March from 36.19 per cent in December last year.
IOB's Gross NPA as stood at Rs 35,098 crore with a ratio of 22.39 per cent as against Rs 34,502.13 crore in December last year, when the ratio was poised at 22.42 per cent.
Recovery in NPA accounts in FY17 stood at Rs 8710 crore as against Rs 5872 crore in the year-ago period.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
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
SAVE 25%