Indian Overseas Bank Q1 result: The Indian public sector bank reported a 28.4 per cent rise in its net profit to ₹500.35 crore in the June quarter of FY 23-24 against ₹392.3 crore a year ago.
The Chennai-based bank reported a minor reduction in its NPA. In the quarter under review IOB reported gross NPA at 7.13%, whereas its net NPA stood at 1.44%. Its NII was up by 32.4% to ₹2,322.5 crore.
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Updated: 02 Aug 2023, 02:46 PM IST