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 Q2FY25 of ₹6,854.00 Crores up from ₹5,825.00 Crore year on year, a rise of 17.67%.
Total Expenses for Q2FY25 of ₹7,506.00 Crores up from ₹6,306.00 Crores year on year, a rise of 19.03%.
Consolidated Net Profit of ₹780.00 Crores up 24.4% from ₹627.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹0.41, up 24.24% from ₹0.33 in the same quarter of the previous year.