 "Vacuum at top in IOB")
Indian Overseas Bank (IOB) has reported a net loss Rs 554.44 crore during the quarter ended December 2016 as against Rs 1,425 crore a year ago. Total income of the bank during the quarter was Rs 5,599.50 crore as against Rs 6445.78 crore.
Gross NPA of the Bank during the third quarter is at Rs 34,502.13 crore with ratio of 22.42% as compared to Rs 34,724.12 crore as on September 30, 2016, with ratio of 21.77% and Rs 22672.40 crore, during the three month ended December 2015.
Gross NPA slightly reduced during the quarter, however, the increase in percentage is mainly on
