Indian Bank Q3 net up 7% to Rs 526 cr
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Last Updated: Mon, Jan 30, 2012 13:49 hrs
Indian Bank has posted a marginal rise of 7% in net profit for the third quarter ended December, 2011 at Rs 526 crore as compared to Rs 491 crore in the same quarter a year ago.
Total income increased 33% to Rs 3,505 crore during the period as compared to Rs 2,641 crore in the December quarter last year.
As cool as it gets
Gross NPAs grew at 1.35% as compared to 1.21% quarter-on-quarter. During the quarter, provisions increased over 300% at Rs 236 crore from Rs 54 crore in the corresponding quarter last fiscal.
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The shares dipped by 1% trading at Rs 215.75 per share on the Bombay Stock Exchange.
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