SME Times is powered by   
Search News
Just in:   • 1,500 delegates to participate in Global Entrepreneurship Summit  • Travel Tech Startup TRAVELSPICE Expands Use of Microsoft Azure  • CENTRESTAGE to showcase budding designers from 6-9 Sep  • SC directs police to furnish details of Unitech flat buyer numbers  • NAFTA deadlock: US, Canada, Mexico kick off renegotiations 
Last updated: 11 Aug, 2017  

Rupee Hands Indian Overseas Bank 's net loss falls by 65.6 pc

SME Times News Bureau | 11 Aug, 2017

State-run Indian Overseas Bank (IOB) on Thursday reported a fall in net loss by 65.6 per cent at Rs 49,909 lakh in the first quarter ended June 30, compared with a loss of Rs 1,45,050 lakh in the year-ago period.

The lender's provision for non-performing assets (NPAs) in the quarter under review stood at Rs 1,60,788 lakh, down by 24.7 per cent from Rs 2,13,781 lakh in the corresponding quarter of last fiscal.

The bank's total income during the period was Rs 5,17,450 lakh, down by 11.82 per cent from Rs 5,86,844 lakh in the same period in the last fiscal.

In the said quarter, IOB's gross NPAs stood at Rs 35,45,312 lakh, up by 4.5 per cent from Rs 33,91,315 lakh in the corresponding period last year.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
65.65
63.95
UK Pound
85.35
82.50
Euro
74.65
72.25
Japanese Yen 58.30 56.35
As on 18 Aug, 2017
  Daily Poll
Is GST affecting exports negatively?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(10)
» PM's I-Day speech: Govt eases way for small businesses(7)
» Economic Survey: Volume-2(4)
» List of items for which anti dumping duties has been levied with related notifications(2)
» NSDC, Haryana govt organised placement drive for 12th pass(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter