Indian Overseas Bank reported a 24% rise in net profit to Rs 777 crore for Q2 FY24, up from Rs 625 crore a year earlier. Total income grew to Rs 8,484 crore, while interest income climbed to Rs 6,851 crore. Improved asset quality saw gross NPAs fall to 2.72% and net NPAs drop to 0.47%.
Related Posts
DGCA imposes Rs 30 lakh penalty on Air India for flouting rules
- staff
- February 1, 2025
- 0
DGCA fined Air India Rs 30 lakh for allowing a first officer to fly without fulfilling the mandatory recency requirement of three take-offs and landings. […]
Adani now allowed to sell Bangladesh-bound power in India after govt amends rules
Adani Power inaugurated a new coal-fired power plant, contracted to supply electricity to Bangladesh. Following a government amendment, the plant can now also provide power […]