The Government of India held 95.84% stake in Indian Overseas Bank as on 31 December 2020.
The public sector bank posted a net profit of Rs 212.87 crore in Q3 FY21 as against net loss of Rs 6,075.49 crore in Q3 FY20. The bank's total income jumped 11.3% to Rs 5,786.54 crore in Q3 FY21 from Rs 5,197.94 crore in Q3 FY20.
The scrip jumped 6.83% to currently trade at Rs 17.20 on the BSE. It traded in the range of 16.35 and 17.60 so far during the day.