IOB Q3 net profit up 127.45% at Rs 232 cr

Indian Overseas Bank (IOB) has announced its results for the quarter ended December 2010. It has reported net profit of Rs 232 crore as against Rs 102 crore, a growth of 127.45% on year-on-year basis.

Net interest income went up by 42.3% to Rs 1,130.2 crore from Rs 794.4 crore (YoY).

Source: www.moneycontrol.com

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd