Try GOLD - Free
IOB Profit Rises 21% on Loan Growth, Recoveries
The New Indian Express Tadepalligudem
|January 21, 2025
CHENNAI-based public sector lender Indian Overseas Bank on Monday reported a close to 21% increase in net income at ₹874 crore, boosted by improved asset quality and higher recoveries in the December quarter of the current financial year (FY25) compared to ₹723 crore in the year ago period.
The bank's total income climbed more than 13% to ₹8,409 crore from ₹7,437 crore, of which the interest income increased by 15.16% to ₹7,112 crore and the net interest income grew higher 16.30% to ₹2,789 crore.
This story is from the January 21, 2025 edition of The New Indian Express Tadepalligudem.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Tadepalligudem
The New Indian Express Tadepalligudem
Govt plans to take 'Incredible India' to newer markets with rebranding
THE Ministry of Tourism has launched efforts for rebranding one of its most successful campaigns-Incredible India-to target new markets.
2 mins
November 17, 2025
The New Indian Express Tadepalligudem
V-P hails 'guardian of the public purse' on 5th Audit Diwas
VICE-President and Chairman of the Rajya Sabha, CP Radhakrishnan, on Sunday hailed the Comptroller and Auditor General of India (CAG) as the \"guardian of the public purse,\" emphasising its crucial role in safeguarding public funds and promoting good governance.
1 min
November 17, 2025
The New Indian Express Tadepalligudem
'GST rate cut boosted Oct vehicle loans'
CHOOLAMANDALAM Investment and Finance Company president and CFO Arul Selvan said that the NBFC’s advances in two-wheelers and passenger cars segments went up in October after the GST rationalisation in September.
2 mins
November 17, 2025
The New Indian Express Tadepalligudem
Delhi airport traffic in Apr-Oct falls 3.5% due to upgrade, airspace closure
GMR Airports Limited reported a 3.5% year-on-year decline in passenger traffic at its flagship Indira Gandhi International Airport (DEL) for the first seven months of the current fiscal due to year runway upgrade and airspace closure, according to a mandatory filing with the stock exchanges.
1 min
November 17, 2025
The New Indian Express Tadepalligudem
'The answer is us': Indigenous groups protest
HERE in Brazil, marchers revelled in their right to be heard, their voices rising in a city chosen precisely to focus the world's attention on the Amazon and its defenders.
4 mins
November 17, 2025
The New Indian Express Tadepalligudem
WHAT TO MAKE OF BUFFETT'S 'THANK YOU' LETTER
MONEY MATTERS
2 mins
November 17, 2025
The New Indian Express Tadepalligudem
KERALA RISES IN REFORMS BUT GROUND REALITY LAGS
K ERALA'S achievement in improving the investment climate is laudable, considering it was long seen as business-unfriendly.
1 mins
November 17, 2025
The New Indian Express Tadepalligudem
SGPC mulls ban on lone woman for Pak jathas after pilgrim goes missing
FILE PHOTO
1 mins
November 17, 2025
The New Indian Express Tadepalligudem
'Our mission is to develop well-rounded leaders, not just skilled managers'
IIM Shillong Director-in-Charge Prof Nalini Prava Tripathy reflects on the institute’s approach to learning, outreach, and regional engagement
3 mins
November 17, 2025
The New Indian Express Tadepalligudem
Colour and song return to climate talks in Brazil
THE gypsies invariably brought colour and magic to the grey city of Macondo in One Hundred Years of Solitude. Belém is no Macondo living in isolation and innocence, neither are the indigenous people and climate activists who joined the \"Great People's March\"on Saturday at halfway point of the UN climate summit the wandering Roma.
1 min
November 17, 2025
Listen
Translate
Change font size