Indian Overseas Bank reports standalone net loss of Rs 646.66 crore in the March 2017 quarter

Capital Market May 18, 2017 Last Updated at 16:01 IST

Total Operating Income decline 15.39% to Rs 4629.60 crore

Net Loss of Indian Overseas Bank reported to Rs 646.66 crore in the quarter ended March 2017 as against net loss of Rs 936.19 crore during the previous quarter ended March 2016. Total Operating Income declined 15.39% to Rs 4629.60 crore in the quarter ended March 2017 as against Rs 5471.69 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 3416.74 crore in the year ended March 2017 as against net loss of Rs 2897.33 crore during the previous year ended March 2016. Total Operating Income declined 16.15% to Rs 19718.61 crore in the year ended March 2017 as against Rs 23517.29 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Total Operating Income4629.605471.69 -15 19718.6123517.29 -16 OPM %32.9427.89 -39.4349.79 - PBDT-748.75-1951.88 62 -3380.93-3898.11 13 PBT-748.75-1951.88 62 -3380.93-3898.11 13 NP-646.66-936.19 31 -3416.74-2897.33 -18

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