Indian Overseas Bank (IOB) announced today its fourth quarterly results where its net profit dropped to Rs 127 crore, down by 60 per cent for the quarter ended March 31, 2010 as against Rs 322 crore posted in the same quarter a year ago.
Total income for the company was also down to Rs 2,829 crore, a dip of 9.7 per cent in the reporting quarter as compared to Rs 3,134 crore posted for the corresponding quarter a year earlier.