Indian Overseas Bank Reports March Quarter Financial Performance

Indian Overseas Bank has released its financial results for the March quarter, providing key insights into its provisions, interest earnings, and non-performing assets.

Key Highlights:
- Provisions and contingencies for the quarter amounted to 10.63 billion rupees.
- Interest earned during the same period reached 76.34 billion rupees.
- Gross non-performing assets stood at 2.14 percent, reflecting the bank's loan default rate.

These figures offer a snapshot of the bank's financial health and performance, helping investors and stakeholders assess its stability and growth trajectory.

Source: Reuters, Indian Overseas Bank
 

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