Indian Overseas Bank is aggressively increasing its network and has opened about 1,000 branches in the last three years. It will be opening 3,000th branch of the bank on August 17 at Vaniankudi by Union Finance Minister P. Chidambaram and will inaugurate another branch at Kothakottai in Pudukottai District on August 18.The bank has reported a fall of 46.11% in its net profit at Rs 125.80 crore for the quarter, as compared to Rs 233.44 crore for the same quarter in the previous year. However, total income from operation of the bank has increased by 14.52% to Rs 6187.15 crore for the quarter under review as compared to Rs 5402.85 crore for the quarter ended June 30, 2012.
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