IOB loss zooms to Rs.1,425 crore

Chennai, Feb 10  Government-owned Indian Overseas Bank on Wednesday said it closed the third quarter of 2015-16 with a net loss of Rs.1,425.06 crore as compared to net loss of Rs. 516.03 crore for the quarter ended December 31, 2014.

In a regulatory filing in BSE, the bank said its total income has decreased from Rs.6,647.45 crore for the quarter ended December 31, 2014 to Rs.6,445.78 crore for the quarter ended December 31, 2015.