Result of Indian Overseas Bank(IOB)

Indian Overseas Bank has announced its fourth quarter results. The company's Q4 standalone net profit was up at Rs 305.95 crore versus 289.75 crore.During the same quarter its standalone NII was at Rs 682.3 crore versus Rs 768.2 crore. Its NIMs was at 3.29% as against NIMs of 3.11% in Q3FY08 and of 3.11% Q2FY08.During the same quarter its other income stood at Rs 352 crore versus Rs 190 crore.In FY08 the company's standalone net profit went up by 19.22% to Rs 1202.32 crore from Rs 1008.43 crore. In FY08 its standlone NII was at Rs 2,679.5 crore versus Rs 2,560.8 crore.

Resources – Indiaearning.com