Date:01/11/2006 URL: http://www.thehindu.com/2006/11/01/stories/2006110102311800.htm

Business - Briefly

IOB Q2 net profit at Rs. 249.85 crore

CHENNAI: Indian Overseas Bank has reported a total income of Rs. 1,524.13 crore for the quarter ended September 30, 2006, against Rs. 1,250.32 crore in the corresponding period in 2005-06. Interest income was higher at Rs. 1,372.13 crore against Rs. 1,075.77 crore. The operating profit has increased to Rs. 414.80 crore from Rs. 383.36 crore and the net profit to Rs. 249.85 crore from Rs. 198.49 crore.