IOB loss zooms to Rs.1,425 crore

Chennai, Feb 10 (IANS) Government-owned Indian Overseas Bank on Wednesday said it closed the third quarter of 2015-16 with a net loss of Rs.1,425.06 crore as compared to net loss of Rs. 516.03 crore for the quarter ended December 31, 2014.

In a regulatory filing in BSE, the bank said its total income has decreased from Rs.6,647.45 crore for the quarter ended December 31, 2014 to Rs.6,445.78 crore for the quarter ended December 31, 2015.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here