IOB Q3 net up 22.33%

Indian Overseas Bank posted a 22.33% increase in net profit at Rs 197.21 cr for the quarter ended Dec 31, 2005.

Indian Overseas Bank on Tuesday posted a 22.33 per cent increase in net profit at Rs 197.21 crore for the quarter ended December 31, 2005 as compared to Rs 161.21 crore for the same quarter last fiscal.

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Total income grew 11.11 per cent to Rs 1,303.31 crore for the third quarter this fiscal from Rs 1,172.99 crore in Q3 FY 04-05, the bank informed the Bombay Stock Exchange.