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CHENNAI: Indian Overseas Bank (IOB) on Thursday posted a 57.8% rise in net profit at Rs 1,226 crore in the quarter ended Sept 30, 2025, against Rs 777 crore in the corresponding quarter last year. It was driven by growth in interest income and lower provisions. With the reduction in repo rate impacting the yield on advances, the public sector lender has witnessed a decline in repo-linked portfolio, while the marginal cost of funds based lending rate (MCLR) has increased.The net interest income ( ...Read More >
Indian Renewable Energy Development Agency (IREDA) anticipates a revenue surge. The company aims for a 21% increase in revenue from operations, targeting Rs 8,200 crore this fiscal year. IREDA signed an MoU with the Ministry of New and Renewable Energy. The government set a revenue target of Rs 8,200 crore for fiscal year 2025-26. IREDA exceeded its previous revenue target. State-owned Indian Renewable Energy Development Agency (IREDA) on Monday said it is eying over 21 per cent growth in reven ...Read More >
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