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 Q3FY25 of ₹7,116.00 Crores up from ₹6,180.00 Crore year on year, a rise of 15.15%.
Total Expenses for Q3FY25 of ₹7,176.00 Crores up from ₹6,363.00 Crores year on year, a rise of 12.78%.
Consolidated Net Profit of ₹875.00 Crores up 20.86% from ₹724.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹0.46, up 21.05% from ₹0.38 in the same quarter of the previous year.
