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Indian Overseas Bank standalone net profit declines 86.77% in the March 2015 quarter

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Capital Market

Total Operating Income rise 0.60% to Rs 5909.76 crore

Net profit of Indian Overseas Bank declined 86.77% to Rs 35.50 crore in the quarter ended March 2015 as against Rs 268.33 crore during the previous quarter ended March 2014. Total Operating Income rose 0.60% to Rs 5909.76 crore in the quarter ended March 2015 as against Rs 5874.75 crore during the previous quarter ended March 2014.

For the full year,net loss reported to Rs 454.33 crore in the year ended March 2015 as against net profit of Rs 601.74 crore during the previous year ended March 2014. Total Operating Income rose 5.53% to Rs 23938.33 crore in the year ended March 2015 as against Rs 22683.73 crore during the previous year ended March 2014.

 
ParticularsQuarter EndedYear EndedMar. 2015Mar. 2014% Var.Mar. 2015Mar. 2014% Var.Total Operating Income5909.765874.75 1 23938.3322683.73 6 OPM %68.5965.53 -68.4168.14 - PBDT193.95-13.17 LP -38.57518.84 PL PBT193.95-13.17 LP -38.57518.84 PL NP35.50268.33 -87 -454.33601.74 PL

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First Published: May 08 2015 | 3:53 PM IST

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