IOB Q3 net up 7.6% at Rs 116.50 crore
New Delhi: Public sector Indian Overseas Bank on Wednesday reported a 7.60 percent growth in its net profit at Rs 116.50 crore for the third quarter ended December 2012.
The bank had posted a net profit of Rs 108.27 crore in October-December quarter of 2011-12 fiscal.
Total income of the bank rose to Rs 5,846.98 crore during the third quarter of the current fiscal, from Rs 5,015.33 crore in the corresponding period a year ago.
The interest income of the bank rose 16 percent to Rs 5,333.14 crore during the December quarter. It was Rs 4,604.26 crore in the same period a year ago.
The net non-performing assets stood at 2.33 percent of the total loans at the end of December quarter, higher than 1.23 percent in the year-ago period.
Shares of IOB were trading at Rs 80.35, down 2.37 per cent over previous close on the BSE.