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Wednesday, May 4, 2011

Chennai-based public sector lender Indian Overseas Bank Q4 for 2010-11 net up 241% at Rs 434 cr, Latest Stock Price


Chennai-based public sector lender Indian Overseas Bank today, 04th April.2011 reported a massive 240.78% spurt in its fourth quarter net profit at Rs 434.3 crore, driven by a massive dip in stressed assets and an improvement in net interest margin.

In the March quarter last fiscal, the bank had reported a net profit of Rs 127.44 crore.

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