IOB Q4 net up 5.37%

Public sector Indian Overseas Bank (IOB) has reported a 5.37 per cent increase in net profit for the quarter ended March 2009 at Rs 322.37 crore compared with Rs 305.95 crore during the quarter a year ago.

Total income rose to Rs 3,135.02 crore (Rs 2,467.95 crore) during the quarter, up 27.03 per cent, according to bank's announcement.

Operating profit stood at Rs 813.41 crore (Rs 641.50 crore) for the quarter.

Net interest margin stood at 2.64 per cent.