Indian Overseas Bank Q2 profit soars 24% to Rs 777 crore on interest income

IOB records 24% increase in Q2 net profit to Rs 777 crore, driven by strong growth in interest income. Net interest income grows by 8.14%, while other income sees a sharp 46.59% increase. Total business grows by 12.20%, with deposits and advances increasing by 13.75% and 10.16% respectively. Bank focuses on low-cost CASA deposits and […]