Indian Overseas Bank standalone net profit rises 143.25% in the March 2021 quarter

Total Operating Income decline 8.66% to Rs 4057.43 crore

Net profit of Indian Overseas Bank rose 143.25% to Rs 349.77 crore in the quarter ended March 2021 as against Rs 143.79 crore during the previous quarter ended March 2020. Total Operating Income declined 8.66% to Rs 4057.43 crore in the quarter ended March 2021 as against Rs 4442.17 crore during the previous quarter ended March 2020.

For the full year,net profit reported to Rs 831.47 crore in the year ended March 2021 as against net loss of Rs 8527.40 crore during the previous year ended March 2020. Total Operating Income declined 2.53% to Rs 16965.53 crore in the year ended March 2021 as against Rs 17406.11 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Total Operating Income4057.434442.17 -9 16965.5317406.11 -3 OPM %24.1943.94 -37.422.29 - PBDT343.6583.48 312 839.71-8397.79 LP PBT343.6583.48 312 839.71-8397.79 LP NP349.77143.79 143 831.47-8527.40 LP

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