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#2
13th February 2016, 08:50 AM
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| Re: Indian overseas bank turnover
Indian Overseas Bank (IOB) is a major public sector bank based in Chennai (Madras), with about 3700 domestic branches. Turnover for 2014-15 The total merchant turnover for 2014-15 including AD branches amounted to 1,27,421 crores as against 1, 30,319 crores in last year. This includes the precious metal business of the Bank for 2014-15 to the tune of 457 crores (1,010 kgs) as against 1,470 crores (5,768 kgs) in the previous year. The Bank is working on the strategies to increase its share of export credit to achieve RBI target of 12% of ANBC. The Bank has earned a Profit on Exchange of 215 crores and 4 crores from the precious metal business domestically. Investments Gross domestic investments as of 31st March 2015 has stood at 78,269 crores as against 68,006 crores as on 31st March 2014 registering a growth of 15.09% over the previous year. The investments in SLR segment have registered a growth of 6,529 crores at 11.00% during the year while Non-SLR investments have increased by 3,734 crores at 43.06%. Rupee Derivatives During the year 2014-15, Bank has not traded in Rupee interest swaps and entered into any fresh hedging swaps. The outstanding in interest rate swaps is stagnant at 823 crores as on 31st March 2015, same as the outstanding as on 31st March 2014 Annual report 2014-15 of Indian Overseas Bank       Now I am proving you pdf file of annual report 2014-15 of Indian overseas bank so that you can download it. |