IOB wipes out ₹20,000-cr accumulated losses, to raise ₹5,000 cr in share sale
· livemint.com
The lender reported a robust performance in the June quarter, with net profit rising 49.32% year-on-year to ₹1,659 crore, while net interest income (NII) increased 34.3% to ₹3,688 crore. Operating profit grew 14.21% to ₹2,693 crore.
Harsh Kumar
Harsh Kumar is a policy reporter at Mint (HT Media Group), where he covers the Ministry of Commerce and Industry along with key departments of the ...