Public Relations

IOB net dips 51% to Rs 176 cr

Indian Overseas Bank today reported 51 per cent decline in its net profit at Rs 176.04 crore for the second quarter ended September 30, 2009. Total income of the state-run lender, however, increased to Rs 2,922.33 crore during the quarter under review from Rs 2,643.26 crore in the corresponding period a year ago, IOB said in a filing to the Bombay Stock Exchange (BSE). Jan cement sales in high double-digit The bank"s total deposits grew 20.54 per cent to Rs 1,094.35 crore during the period and the total business increased 17 per cent to Rs 1,87,853 crore. The bank"s interest income rose 5.06 per cent to Rs 2,549.95 crore during the September quarter. The bank"s capital adequacy ratio increased to 14.27 per cent at the end of September 30.Shares of IOB were trading at Rs 110.80, down 4.61 per cent in afternoon trade on the BSE.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

Categories
Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business
News of the day
FIIs net buy Rs 92cr, DIIs net sell Rs 127cr
Foreign institutional investors (FIIs) were net buyers of Rs 92.21 crore (provisional) today, according to data released by BSE.
Popular Articles
fast payday loans

An 'exit strategy' for the 'new normal'
For journalists, pundits and comedians, the end of the year provides an opportunity to look back, fantasise forward and let the creative juices flow.

IT projects in city on the back burner
With almost all the proposed IT projects in the city being non-starters, the emergence of Bhubaneswar as one of the most sought after IT destinations among the Tier-II cities in the country is under a cloud.

© Copyright 2009