PANJIM: Indian Overseas Bank has declared performance highlights for the year ended March 31, 2013
The Total business grew from Rs 3, 21,707 crore as on March 31, 2012 to Rs 3,66,501 crore as on March 31, 2013 recording a year on year growth of 13.92%
Total deposits grew from Rs 1,78,434 crore as on March 31, 2012 to Rs 2,02,135 crore as on March 31, 2013 recording a year on year growth of 13.28%.
Gross Advances increased from Rs 1, 43,273 crore as on March 31, 2012 to Rs 1, 64,366 crore as on March 31, 2013 registering a growth of 14.74%.
Operating profit for the year ended March 31, 2013 stood at Rs 3817.01 crore as against Rs 3,534.15 crore for the year ended March 31, 2012, registering a growth of 8%
Net Profit for the year ended March 31, 2013 is Rs 567.23 crore.
Total income recorded a growth of 15.69% during the year ended March 31, 2013. The increase was from Rs 19,578.13 crore for the year ended March 31, 2012 to Rs 22,649.63 crore.
Net interest income increased to Rs 5,251.95 crore during 2012-13 from Rs 5,016.17 crore during 2011-12 registering a growth of 4.70%.
