In Q2 FY24, Indian Overseas Bank posted a 24% surge in net profit to Rs 777 crore, due to interest income and onboarding of new customers. The bank had earned a net profit of Rs 625 crore in the same quarter a year ago. The bank earned an interest income of Rs 6,851 crore during the quarter compared to Rs 5,821 crore in the year-ago period.
How SIP has been the strong hero across historical market cycles
Market downturns create buying opportunities through SIPs as they lower your average cost and enhance returns during recovery. Long-term investments in small and midcaps can