Indian Overseas Q1FY07 net up by 21 pc

New Delhi, July 27: Indian Overseas Bank (IOB) today posted 21 per cent increase in its net profit at Rs 222.04 crore for the first quarter ended June 30, 2006, as compared to Rs 183.19 crore for the same quarter last year.

The total income of the bank grew 24 per cent to Rs 1492.01 crore for the first quarter of fiscal 2006-07 from Rs 1206.84 crore for the corresponding quarter of 2005-06.

IOB reported a net profit of Rs 204.45 crore for the last quarter ended March 31, 2006, up by 30 per cent, as against Rs 157.21 crore for the corresponding quarter of fiscal 2004-05.

UNI