Indian Overseas Bank operates in the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Indian Overseas Bank with three other
companies in this sector in India:
sales of 225.68 billion Indian Rupees [US$3.53 billion]
of which 38%
was Wholesale Banking),
Oriental Bank Of Commerce
(211.88 billion Indian Rupees [US$3.32 billion]
of which 56%
was Corporate/Wholesale Banking), and
(213.04 billion Indian Rupees [US$3.33 billion]
of which 32%
was Corporate/ Wholesale Banking).
Indian Overseas Bank reported sales of 231.06 billion Indian Rupees (US$3.62 billion)
March of 2017.
decrease of 11.3%
versus 2016, when the company's sales were 260.46 billion Indian Rupees.
Contributing to the drop in overall sales was the 16.8% decline
in Corporate/wholesale Banking, from 113.14 billion Indian Rupees to 94.17 billion Indian Rupees.
There were also decreases in sales in
Retail Banking (down 4.1% to 68.77 billion Indian Rupees)
Treasury Operations (down 11.3% to 64.54 billion Indian Rupees)
However, these declines were partially offset by the increase in sales of
Other Banking Operations (up 8.5% to 3.02 billion Indian Rupees)