Indian Overseas Bank has reported an over four-fold jump in net profit at Rs. 268.33 crore for the last quarter of financial year 2013-14 compared to the year-ago period.
The bank had reported a profit of Rs. 58.87 crore for the corresponding quarter a year ago.
Total income of the state-run bank increased to Rs. 6,475.93 crore during the quarter under review, from Rs. 5,898.15 crore a year ago.
Gross non-performing assets (NPAs) of the bank stood at 4.98 per cent as against 4.02 per cent registered during the same period a year ago. Net NPAs stood at 3.20 per cent as against 2.50 per cent a year ago.
For the financial year that ended on March 31, 2014, net profit grew 6 per cent to Rs. 601.74 crore from Rs. 567.23 crore in the previous year.
For the financial year, total income grew to Rs. 24,853.07 crore from Rs.22,649.63 crore, it said.
Total business of the bank for the year ended March,2014 grew 12 per cent to 4,09,057 crore from Rs. 3,66,501 the previous year.
Total deposits for the year grew 13 per cent to Rs. 2,27,976 crore from Rs. 2,02,135 crore a year ago.
The bank had reported a profit of Rs. 58.87 crore for the corresponding quarter a year ago.
Total income of the state-run bank increased to Rs. 6,475.93 crore during the quarter under review, from Rs. 5,898.15 crore a year ago.
Gross non-performing assets (NPAs) of the bank stood at 4.98 per cent as against 4.02 per cent registered during the same period a year ago. Net NPAs stood at 3.20 per cent as against 2.50 per cent a year ago.
For the financial year that ended on March 31, 2014, net profit grew 6 per cent to Rs. 601.74 crore from Rs. 567.23 crore in the previous year.
For the financial year, total income grew to Rs. 24,853.07 crore from Rs.22,649.63 crore, it said.
Total business of the bank for the year ended March,2014 grew 12 per cent to 4,09,057 crore from Rs. 3,66,501 the previous year.
Total deposits for the year grew 13 per cent to Rs. 2,27,976 crore from Rs. 2,02,135 crore a year ago.