Indian Overseas Bank’s Q4 net profit surged 43% to Rs 1,505 crore, helped by lower provisions and tax expenses. While pre-provision operating profit stayed flat due to treasury losses, asset quality improved, with the NPA ratio declining. The bank also recorded a 56% jump in annual net profit, signaling better overall performance beyond one quarter.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
