Indian Overseas Bank (IOB) has reported a net profit of Rs 207 crore in the second quarter of FY12 as against Rs 206 crore in the corresponding quarter of last fiscal.
Net interest income jumped 32.43% to Rs 1,266 crore in the July-December quarter of FY12 versus Rs 956 crore in same quarter the previous year.
Total income increased 56.84% to Rs 4,822.56 crore from Rs 3,074.74 crore during the same period.
In the quarter ended September 2011, the bank has revised the base rate from 10.25 % to 10.75% for all advances linked to base rate.
On Friday, the share closed at Rs 97.80, up 3.6%.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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