Indian Overseas Bank Q4 net up 5%
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B. KARTHICK
Apr 28, 2008, 5:28:54 AM4/28/08
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Indian Overseas Bank has posted a modest 5.5% increase in net profit
at Rs 306 crore for the quarter ended March 31, 2008, when compared
with Rs 290 crore reported in the corresponding quarter a year ago.
The bank's Q4FY08 total income increased by 27% to Rs 2,468 crore for
January-March period of 2007-08 as against Rs 1,936 crore during the
corresponding period of 2006-07.
The bank has posted a 19% rise in net profit of Rs 1,202 crore for the
financial year 2007-08 as compared to Rs 1,008 crore for 2006-07.
Total income has increased by 41 % to Rs 8,775.86 crore for the year
ended March 31, 2008 from Rs 6,219 crore for the year ended March 31,
2007.
at Rs 306 crore for the quarter ended March 31, 2008, when compared
with Rs 290 crore reported in the corresponding quarter a year ago.
The bank's Q4FY08 total income increased by 27% to Rs 2,468 crore for
January-March period of 2007-08 as against Rs 1,936 crore during the
corresponding period of 2006-07.
The bank has posted a 19% rise in net profit of Rs 1,202 crore for the
financial year 2007-08 as compared to Rs 1,008 crore for 2006-07.
Total income has increased by 41 % to Rs 8,775.86 crore for the year
ended March 31, 2008 from Rs 6,219 crore for the year ended March 31,
2007.
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