It is a broadly described annual report of Indian Overseas Bank in the year of 2016-2017. During the financial year, The Bank’s Total deposits stood at Rs. 2,11,343 Crore as on 31st March 2017 as against Rs. 2,24,514 Crore as on 31st March 2016. Operating Profit of the Bank has increased by 26.52% which is a good sign of improvement in operational efficiency. The resultant higher provision requirement of Rs. 7,067 Crore during the year forced the Bank to report a Net Loss of Rs. 3,417 Crore for the year. The paid-up capital of the Bank has increased from Rs. 1807.27 Crore to Rs. 2454.73 Crore. The Authorized Capital of the Bank is Rs. 10,000 Crore which was increased from Rs. 3000 Crore vide GOI notification dated 27th February 2017.
The Board of Directors of the bank has not recommended any dividend for the year 2016-17.
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
