IOB Q3 Results: Net profit soars 22% YoY to Rs 555 cr on rise in NII
The bank’s net interest margin for the quarter improved to 3.27% as against 2.4% in the year-ago period, helped by a 12 basis points fall in average cost of deposits. Average yield on advances rose 89 basis points. Net interest income grew 44% year-on-year at Rs 2,272 crore
