Indian Overseas Bank consolidated net profit rises 23.61% in the March 2024 quarter

Image
Last Updated : May 09 2024 | 4:16 PM IST

Total Operating Income rise 27.70% to Rs 6633.50 crore

Net profit of Indian Overseas Bank rose 23.61% to Rs 810.42 crore in the quarter ended March 2024 as against Rs 655.63 crore during the previous quarter ended March 2023. Total Operating Income rose 27.70% to Rs 6633.50 crore in the quarter ended March 2024 as against Rs 5194.72 crore during the previous quarter ended March 2023.

For the full year,net profit rose 26.70% to Rs 2665.66 crore in the year ended March 2024 as against Rs 2103.99 crore during the previous year ended March 2023. Total Operating Income rose 24.01% to Rs 24065.67 crore in the year ended March 2024 as against Rs 19406.97 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Total Operating Income6633.505194.72 28 24065.6719406.97 24 OPM %38.9645.67 -49.8048.35 - PBDT1195.96891.35 34 3422.742353.33 45 PBT1195.96891.35 34 3422.742353.33 45 NP810.42655.63 24 2665.662103.99 27

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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

More From This Section

First Published: May 09 2024 | 2:58 PM IST

Next Story