Public sector Indian Overseas Bank has reported a marginal increase in net profit to Rs 205.5 crore for the first quarter ending June 30, 2011.
The city-headquartered company had reported a net profit of Rs 200 crore for the same period last fiscal, a bank statement here said.
Total income for the quarter ending June 30, 2011, was Rs 4,332 crore, as against Rs 2,882 crore during the corresponding quarter of the previous year, it said.
Operating profit for the three months ending June 30, 2011, grew by 73% to Rs 802.60 crore from Rs 464 crore in the same period last year,it added.
For the three months ending June 30, 2011, total business grew to Rs 2,70,320 crore from Rs 1,92,412 crore during the same period last year.
Total deposits also grew to Rs 1,51,173 crore during the quarter ending June 30, 2011, from Rs 1,09,461 crore in the same period last year, it said.
