IOB Profit at Rs 1,963 Crore
Mumbai: Public sector lender Indian Overseas Bank (IOB) has reported a consolidated net profit of Rs 1,962.67 crore for the second quarter ending in September. This marks an increase of 55.9 percent compared to the net profit of Rs 1,258.82 crore recorded by the bank during the same period last year. On a standalone basis, the net profit rose by 56 percent, climbing from Rs 1,226 crore to Rs 1,912 crore.
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