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IOB Q1 Results: Net profit rises 20% to Rs 392 crore
The bank's operating profit for the quarter was lower at Rs 1026 crore against Rs l202 crore, due to mark to market provision of Rs 340 crore on investment, Sengupta said.Total provisions were lower at Rs 630 crore against Rs 868 crores in the year ago period primarily because of lower bad loan provisions in line with the improvement in asset quality.