IOB FY07 net at Rs 1008cr

Indian Overseas Bank (IOB)  has posted a net profit of Rs 1008.43 crore for the year ended March 31, 2007 (FY07) whereas the same was at Rs 783.34 crore for the year ended March 31, 2006 (FY06).

According to an official release issued by the bank to the BSE today, total income is Rs 6219.12 crore for the year ended March 31, 2007 whereas the same was at Rs 4947.41 crore for the year ended March 31, 2006.

For the quarter ended March 31, 2007 (Q4FY07), the bank has posted a net profit of Rs 289.76 crore whereas the same was at Rs 204.45 crore for Q4FY06. Total income is Rs 1935.84 crore for Q4FY07 whereas the same was at Rs 1336.94 crore for Q4FY06.

Figures for the current quarter and current year include the operations of erstwhile Bharat Overseas Bank for the period January 01, 2007 and March 31, 2007 and hence are not comparable with the corresponding previous period.