Indian Overseas Bank posts over 4-fold jump in Q4 profit

Tags: News
State-run Indian Overseas Bank has reported over four-fold jump in net profit at Rs 268.33 crore for the last quarter of FY2013-14 compared to the year-ago period.

The Chennai-based bank had reported a profit of Rs 58.87 crore for the same period last year.

Total income of the bank for the quarter ending March 31, 2014 grew to Rs 6,475.93 crore from Rs 5,898.15 crore registered during the same period of previous year.

Gross NPA of the bank for the fourth quarter ending March 31, 2014 stood at 4.98 per cent as against 4.02 per cent registered during the same period of previous year.

Net NPA of the bank stood at 3.20 per cent for the fourth quarter ending March 31, 2014 as against 2.50 per cent registered during the same period of previous year.

For the financial year ending March 31, 2014, the net profit of the bank grew by six per cent to Rs 601.74 crore from Rs 567.23 crore registered during the same period of previous year.

For the financial year ending March 31, 2014 the total income of the bank grew to Rs 24,853.07 crore from Rs 22,649.63 crore, it said.

Total business of the bank for the year ending March 31,2014 grew by 12 per cent to 4,09,057 crore from Rs 3,66,501 crore registered during the same period of previous year.

Total deposits for the financial year ending March 31, 2014 grew by 13 per cent to Rs 2,27,976 crore from Rs 2,02,135 crore registered during the same period of previous year.

Gross advances for the period ending March 31, 2014 grew to Rs 1,81,081 crore from Rs 1,64,366 crore registered during the same period of previous year.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The sudden crisis in oil exporting economies offers India big opportunity

    The unprecedented 6.5 per cent single-day hike in Russian interest rates on Tuesday and the subsequent devaluation of the ruble from 60 to the dollar

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Roopen Roy

Why do we shoot, load and then aim?

There is a joke about what Indians would do in ...

Zehra Naqvi

When humanity died, bestiality prevailed

The terrorist attack that killed 132 children in Peshawar has ...

Dharmendra Khandal

Protecting jungle cats is vital

In what can only be called a cat night, we ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture