Indian Overseas Bank dropped for a fifth straight session today. The stock is quoting at Rs 11.15, down 3.04% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.41% on the day, quoting at 10594.5. The Sensex is at 35981.34, up 0.38%.Indian Overseas Bank has added around 7.73% in last one month.Meanwhile, Nifty PSU Bank index of which Indian Overseas Bank is a constituent, has increased around 12.87% in last one month and is currently quoting at 1478.4, down 0.91% on the day. The volume in the stock stood at 40.32 lakh shares today, compared to the daily average of 119.22 lakh shares in last one month.

The PE of the stock is 0 based on TTM earnings ending March 20.

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Indian Overseas Bank is up for a fifth straight session in a row. The stock is quoting at Rs 13.1, up 9.62% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.49% on the day, quoting at 10339.6. The Sensex is at 35029.28, up 0.54%. Indian Overseas Bank has added around 78.23% in last one month.

Meanwhile, Nifty PSU Bank index of which Indian Overseas Bank is a constituent, has added around 32.28% in last one month and is currently quoting at 1489.15, up 0.13% on the day. The volume in the stock stood at 175.16 lakh shares today, compared to the daily average of 75.96 lakh shares in last one month.

The PE of the stock is 0 based on TTM earnings ending March 20.

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PNC Infratech Ltd, NIIT Technologies Ltd, TTK Prestige Ltd and Orient Electric Ltd are among the other gainers in the BSE's 'A' group today, 26 June 2020.

Indian Overseas Bank spiked 9.92% to Rs 13.18 at 11:53 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 34.07 lakh shares were traded on the counter so far as against the average daily volumes of 6.75 lakh shares in the past one month.

PNC Infratech Ltd soared 8.08% to Rs 143.75. The stock was the second biggest gainer in 'A' group. On the BSE, 67073 shares were traded on the counter so far as against the average daily volumes of 10385 shares in the past one month.

NIIT Technologies Ltd surged 7.95% to Rs 1487.7. The stock was the third biggest gainer in 'A' group. On the BSE, 27314 shares were traded on the counter so far as against the average daily volumes of 16330 shares in the past one month.

TTK Prestige Ltd added 7.07% to Rs 5510. The stock was the fourth biggest gainer in 'A' group. On the BSE, 469 shares were traded on the counter so far as against the average daily volumes of 2249 shares in the past one month.

Orient Electric Ltd spurt 6.95% to Rs 199.2. The stock was the fifth biggest gainer in 'A' group. On the BSE, 35723 shares were traded on the counter so far as against the average daily volumes of 8142 shares in the past one month.

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Total income remained almost flat at Rs 5,484.06 crore during the quarter. Profit before tax in Q4 March 2020 stood at Rs 83.48 crore as against a pre-tax loss of Rs 3,370.42 crore in Q4 March 2019.

The bank reported an exceptional income of Rs 53.31 crore in the quarter. It represents exchange difference recognised as income on account of disposal of net investment in respect of one of the foreign branches.

Provisions and contingencies fell 76.4% to Rs 1,060.38 crore in Q4 March 2020 from Rs 4,501.92 crore in Q4 March 2019. The provision coverage ratio of the bank as on 31 March 2020 stood at 86.94% as against 71.39% as on 31 March 2019.

During the year ended 31 March 2020, loans and advances amounting to Rs 6492.53 crore have been classified as fraud in terms of RBI guidelines and he bank holds 100% provision in respect of such advances, the bank said.

Gross non-performing assets (NPAs) stood at Rs 19,912.70 crore as on 31 March 2020 as against Rs 23,733.86 crore as on 31 December 2019 and Rs 33,398.12 crore as on 31 March 2019.

The ratio of gross NPAs to gross advances stood at 14.78% as on 31 March 2020 as against 17.12% as on 31 December 2019 and 21.97% as on 31 March 2019.

The ratio of net NPAs to net advances stood at 5.44% as on 31 March 2020 as against 5.81% as on 31 December 2019 and 10.81% as on 31 March 2019.

The bank reported net loss of Rs 8,527.40 crore the year ended March 2020 (FY20) compared with net loss of Rs 3,737.88 crore the year ended March 2019 (FY19). Total income fell 5.2% to Rs 20,712.48 crore in FY20 over FY19.

Deposits stood at Rs 2,22,951.88 crore as on 31 March 2020 as compared to Rs 2,22,534.08 crore as on 31 December 2019. Advances fell 8.5% to Rs 1,21,333.41 crore in FY20 from Rs 1,32,597.63 crore as on 31 December 2019.

Government of India held 95.84% stake in Indian Overseas Bank as on 31 March 2020.

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