It is a broadly described annual report of Indian Overseas Bank in the year of 2013-2014. During the financial year, The Bank’s total deposits increased from Rs. 2,02,135 Crores in March 2013 to Rs. 2,27,976 Crores in March 2014 with a moderate growth of 12.78%. The Bank has to make higher provisions for a sum of Rs. 3,395 Crores constituting 85% of total operating profit. Net Profit of the Bank for the year ended 31st March 2014 stood at Rs. 601.74 Crore against Rs. 567.23 Crore for the year ended 31st March 2013. The Paid-up Capital of the Bank has increased from Rs. 924.10 Crores to Rs. 1235.35 Crores.
The Board of Directors of the bank has proposed to pay a dividend of @12% for the year 2013-14.
More Annual Report of Indian Overseas Bank:
- Annual Report 2004-2005 of Indian Overseas Bank
- Annual Report 2005-2006 of Indian Overseas Bank
- Annual Report 2006-2007 of Indian Overseas Bank
- Annual Report 2007-2008 of Indian Overseas Bank
- Annual Report 2008-2009 of Indian Overseas Bank
- Annual Report 2009-2010 of Indian Overseas Bank
- Annual Report 2010-2011 of Indian Overseas Bank
- Annual Report 2011-2012 of Indian Overseas Bank
- Annual Report 2012-2013 of Indian Overseas Bank
- Annual Report 2013-2014 of Indian Overseas Bank
- Annual Report 2014-2015 of Indian Overseas Bank
- Annual Report 2016-2017 of Indian Overseas Bank
