'Indian Overseas Bank has reported 21% growth in net profit at Rs 873.66 crore
for the quarter ended December 2024 (Q3FY2025). The bank has posted healthy 16%
growth in net interest income (NII), while the core fee income of the bank also
improved 9% in Q3FY2025. The Net Interest Margin (NIM) of the bank improved to
3.33% in Q3FY2025 compared to 3.12% in the corresponding quarter of previous
year.
On business front, the
bank as has posted 10% growth in business with 10% rise in loan book. The asset
quality of the bank has continued to improve in Q3FY2025. Bank has maintained
stable credit to deposit ratio at 77.9% at end December 2024 from 77.7% at end
December 2023. CASA ratio of the bank was also steady at 43.4% at end December
2024 from 43.5% at end December 2023.
Asset quality improves: The bank has continued
to improve asset quality in Q3FY2025.
The fresh slippages of
loans stood at ...
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