State-run Indian Overseas Bank on Tuesday reported a net loss of Rs 554.44 crore in the quarter ended December 31, as against Rs 1,425.06 crore in the corresponding period last year.
The lender was able to bring down the loss in the quarter under review by 61.09 per cent. Its total income for the quarter stood at Rs 5,599.50 crore while its interest income was at Rs 4,881.49 crore.
Gross NPA, as on December 31, was at Rs 34,502.13 crore with ratio of 22.42 percent. Gross non-performing asset slightly reduced during the quarter, however, the increase in percentage is mainly on account of reduction in asset size.
The lender said its total deposit was at Rs 2,10,861 crore as on December 31 while its CASA was at 36.19 per cent.
--IANS
bdc/rn
Disclaimer: No Business Standard Journalist was involved in creation of this content
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