Corporate

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
60% drop in Pune mall footfalls
Hotels and retail stores in Pune have seen their sales drop 50 per cent. “We have seen a 60 per cent drop in the number of visitors and around 50 per cent in our total sales. We have sales of around Rs 3 lakh per day. So, over a week’s time we expect a drop of Rs 20 lakh to Rs 25 lakh in our collections,” said Srinivas Rao, regional sales manager, Provogue Studio.
Popular Articles

Range bound trading continues
Support at 5,150, resistance at 5,300.

Karl-Ulrich Kohler named COO of Corus
Tatas-owned European steel major Corus has appointed Karl-Ulrich Kohler as the new Chief Operating Officer with effect from February 1, 2010.

© Copyright 2009