Indian Overseas Bank was founded in 1937 by Chidambaram Chettyar. It was one of the 14 major banks that were nationalized in 1969.
Financial Results:
- Indian Overseas Bank reported Revenues for Q1FY24 of ₹5,424.00 Crores up from ₹4,435.00 Crore year on year, a rise of 22.3%.
- Total Expenses for Q1FY24 of ₹5,720.00 Crores up from ₹4,632.00 Crores year on year, a rise of 23.49%.
- Consolidated Net Profit of ₹500.00 Crores up 27.55% from ₹392.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹0.26, up 23.81% from ₹0.21 in the same quarter of the previous year.
*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.
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