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IOB third quarter profit rises 21% to ₹874 crore

Millennium Post Delhi

January 21, 2025

State-owned Indian Overseas Bank (IOB) on Monday reported a 21 per cent rise in net profit at Rs 874 crore for the third quarter ended December 2024 on the back of a reduction in bad loans.

NEW DELHI:

The Chennai-based lender had earned a net profit of Rs 723 crore in the same quarter a year ago.

Total income increased to Rs 8,409 crore during the quarter under review from Rs 7,437 crore in the same period last year, IOB said in a regulatory filing.

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