Indian Overseas Bank Q1 Results: Strong NII growth, lower provisions aid PAT; Asset quality improves

The lender’s provisions figure stood at ₹834 crore, compared to ₹1,006 crore in the previous quarter. Net profit for the June quarter rose to ₹1,659 crore. This marked a 49% rise from the year-ago period, when the number stood at ₹1,111 crore.

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