Indian Overseas Bank has announced its fourth quarter
numbers today. Net interest income of the company was up 10% at Rs 1340
crore compared to Rs 1215 crore in the same quarter of the previous year. The
bank reported 22% jump on bottomline front. Net profit was at Rs 529 crore
compared to Rs 434 crore.
The provision coverage ratio stood at 67.68% for FY12.
Importantly, bank has exposure worth Rs 2100 crore to the aviation sector. Net
NPA in the financial year 2012 also shot up by whopping 44% at Rs 1907.44
crore versus Rs 1328.42 crore.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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