Indian Overseas Bank Q1 net up 21%

Indian Overseas Bank today reported a 21% increase in net profit at Rs 222.04 crore for the first quarter ended June 30, 2006 when compared with Rs 183.19 crore in Q1FY06.

According to a release issued by the bank to the BSE today, total income increased to Rs 1,492.01 crore from Rs 1,206.84 crore in Q1FY06.