Business Standard

IOB Q2 net rises 17% to Rs 206 cr

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Press Trust of India Mumbai

Indian Overseas Bank (IOB) today reported a jump of 17.09 per cent in its net profit for the second quarter ended September 30, 2010 at Rs 206.14 crore.

The bank had posted a net profit of Rs 176.04 crore in July-September quarter last year, IOB said in a filing to the Bombay Stock Exchange (BSE).

Total income of IOB also grew to Rs 3,074.73 crore in the September quarter this year from Rs 2,922.33 crore in the year-ago period, the filing added.

Shares of IOB settled at Rs 159.65, down 2.27 per cent from previous close on the BSE today.

 

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First Published: Oct 29 2010 | 4:46 PM IST

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