IOB Q2 net up 29% at Rs 320cr

Indian Overseas Bank today reported 29% rise in net profit to Rs 319.70 crore for the second quarter ended September 2007 as against Rs 249.85 crore in the corresponding quarter a year ago.

According to a release issued by the bank to the BSE today, total income increased 43.3% to Rs 2,104.78 crore from Rs 1,468.53 crore for the quarter ended September 2006.