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Indian Overseas Bank share Price

Company details

25.10
26.05
15.25
36.70
6M Return 11.18%
1Y Return 40.83%
Mkt Cap.(Cr) 47,917.61
Volume 17,451,980
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 17,451,980

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Indian Overseas Bank

Q3FY23 Quarterly Result Announced for Indian Overseas Bank

Indian Overseas Bank announced Q3FY23 results:

  •  Q3FY23:
    • Total business stood at Rs 4,32,530 crore in Q3FY23, as against Rs 4,34,441 crore in Q3FY22.
    • Total deposits stood at Rs 2,57.480 crore in Q3FY23, as against Rs 2,61,728 crore in Q3FY22.
    • CASA of the bank is Rs 1,14,591 crore at 44.75% in Q3FY23, as against Rs 1,11,924 crore at 42.76% in Q3FY22.
    • Gross advances stood at Rs 1,75,050 crore in Q3FY23, as against Rs 1,72,713 crore in Q3FY22. 
    • Operating profit in Q3FY23 stood at Rs 1,540 crore, as against Rs 1,494 crore in Q3FY22.
    • Net profit for Q3FY23 stood at Rs 555 crore, as against Rs 501 crore in Q3FY22.
    • Total income for the quarter ended December 31, 2022, is Rs 6,006 crore, as against Rs 5,852 crore in Q3FY22.
    • Interest income stood at Rs 5,056 crore in Q3FY23, as against Rs 4,718 crore in Q2.
    • Non-interest income stood at Rs 950 crore in Q3FY23, as against Rs 1,135 crore in Q3FY22.
    • NPA MANAGEMENT: Gross NPA as of Q3FY23 stood at Rs 14,333 crore with a ratio of 8.19%, as against Rs 14,726 crore with a ratio of 8.53% in Q3FY22. GNPA has reduced both in quantum and as a percentage of Gross Advances (QoQ).
    • Reduction in NPA for the quarter ended December 2022 stood at Rs 393 crore
    • Total cash recovery for December 2022 was Rs 460 crore, as against Rs 494 crore in September 2022.
    • Net NPA in Q3FY23 stood at Rs 4,000 crore with a ratio of 2.43%, as against Rs 4,148 crore with a ratio of 2.56% in Q3FY22, thus reducing NPA by Rs 148 crore in absolute terms.
    • Provision coverage ratio stood at 91.34%, as against 90.94% in Q3FY22. Bank has made required provisioning in advances in specific accounts to improve Net NPA.
  • 9MFY23:

    • Total business stood at Rs 4,32,530 crore in 9MFY23, as against Rs 3,95,434 crore in 9MFY22.

    • Total deposits stood at Rs 2,57,480 crore in 9MFY23, as against Rs 2,47,118 crore in 9MFY22.

    • CASA of the bank stood at 44.75% in 9MFY23, as against 42.53% in 9MFY22. Total CASA has increased from Rs 1,05,105 crore in 9MFY22 to Rs 1,14,591 crore in 9MFY23.

    • Gross advances stood at Rs 1,75,050 crore in 9MFY23, as against Rs 1,48,316 crore in 9MFY22. The bank has evolved a policy of not taking fresh exposures in stressed sectors, below hurdle-rated accounts, and BB and below-rated accounts. The bank has also exited from accounts in the stressed sectors, wherever feasible.

    • Operating profit for the quarter ended 9MFY23 was Rs 1,540 crore, as against Rs 1,461 crore for the quarter ended 9MFY22, an increase of Rs 79 crore.

    • Net profit for the quarter ended 9MFY23 stood at Rs 555 crore, against net profit of Rs 454 crore for the quarter ended 9MFY22.

    • Total income for quarter ended 9MFY23 stood at Rs 6,006 crore, as against Rs 5,317 crore for the corresponding period last year.

    • Interest income stood at Rs 5,056 crore for the quarter ended 9MFY23, as against Rs 4,198 crore for the quarter ended 9MFY22.

    • Non-interest income stood at Rs 950 crore for the quarter ended 9MFY23, as against Rs 1,19 crore for the quarter ended 9MFY22.

    • NPA MANAGEMENT: Gross NPA as on December 31, 2022, stood at Rs 14.333 crore with a ratio of 8.19%, as against Rs 15,426 crore with a ratio of 10.40% in 9MFY22. GNPA has reduced both in quantum and as a percentage of Gross Advances (YoY).

    • Total cash recovery for December 2022 was Rs 460 crore, as against Rs 412 crore in 9MFY22.

    • Net NPA reduced to Rs 4,000 crore i.e. 2,43% for the quarter ended Dec 31, 2022, as against Rs 3,587 crore ie. 2.63% in 9MFY22. The NPA reduced by 0.20% YoY.

    • Provision coverage ratio stood at 91.34% as on December 31, 2021.

 

 

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FINANCIALS

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Indian Overseas Bank Stocks COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 23,224.18 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 3,296.96 39,477.59
LAST 3M 15,440.75 59,034.02
LAST 6M 64,524.17 39,054.82
LAST 12M 119,831.70 83,752.26
Indian Overseas Bank - Loss of Share Certificates

May 31, 2023 l NSE Announcement

Indian Overseas Bank announces change in Chief Risk Officer

May 29, 2023 l BSE Announcement

Indian Overseas Bank - Loss of Share Certificates

May 29, 2023 l NSE Announcement

Date Action Type Ratio
No data found

Indian Overseas Bank Information

Stock PE (TTM)
22.86
Promoter Holding
96.38%
Book Value
11.7056
ROE
4.73%
Description
  • Indian Overseas Bank is engaged in the banking sector, having its market capitalization worth INR 27,778.51 Cr. as of 16 April 2021. The bank was founded in 1937. The bank has reported its quarterly revenue of INR 4,243.72 Cr. at the end of December 2020. The company is a constituent of the Bombay Stock Exchange (BSE), having the code 532388 and on the National Stock Exchange (NSE) with the symbol IOB. The bank specializes in foreign exchange business and overseas banking. It's an Indian government-owned bank headquartered in Chennai. The bank was first to venture into consumer credit by introducing a personal loan scheme. Indian Overseas Bank (IOB) is a central Indian government-owned bank with about 3,400 domestic branches, six foreign branches and one representative office. It was the first bank that ventured into consumer credit and introduced a personal loan scheme. During nationalization, it was one of 14 big banks taken over by the Indian Government. The bank has a legacy of having an in-house IT department that develops its software needs. About 80 per cent of the software products used by the bank is built by its own dedicated IT development team, which coded one of the lightest, CLI based Core Banking Solutions. The bank's IT department comprises personnel with diversified work experience, having worked in field and administration levels. IOB set its foot into the Non-Life Insurance Business with Universal Sompo General Insurance (USGI) Company Limited with equity participation of 19% and Allahabad Bank, Dabur Investments and Karnataka Bank. The bank tied up with Apollo Munich Health Insurance to provide specialized health and personal accident products to its valued customers. The bank took over Bharat Overseas Bank in 2007. In 2009, IOB swooped Pune-based Shree Suvarna Sahakari Bank, which had one branch in Shripur, two in Mumbai, and nine in Pune. Malaysia accorded a commercial banking license to a local bank to be jointly owned by Andhra Bank, Bank of Baroda and Indian Overseas Bank. The thus formed bank, India International Bank (Malaysia), started its operations in 2012 in Kuala Lumpur, which consists of a significant number of Indians. Andhra Bank holds a 25% stake in the joint venture, Bank of Baroda owns 40%, and IOB has the remaining 35% stake.

Registered Address

763 Anna Salai, , Chennai, Tamil Nadu, 600002

Tel : 91-44-28519491/28415702/28889392
Email : investor:iobnet.co.in / investorcomp:iobnet.co.in
Website : http://www.iob.co.in
Registrar

Cameo Corporate Services Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532388
NSE Code : IOB
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE565A01014

FAQ’s on Indian Overseas Bank Shares

You can buy Indian Overseas Bank shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Indian Overseas Bank Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 02, 2023 03:58 PM the closing price of Indian Overseas Bank was ₹ 25.35.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Jun 02, 2023 03:58 PM, the market cap of Indian Overseas Bank stood at ₹ 47,917.61.

The latest PE ratio of Indian Overseas Bank as of Jun 02, 2023 03:58 PM is 22.86

The latest PB ratio of Indian Overseas Bank as of Jun 02, 2023 03:58 PM is 0.46

The 52-week high of Indian Overseas Bank is ₹ 36.70 while the 52-week low is ₹ 15.25

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