1. Indian Bank Q1 net profit jumps 43%

Indian Bank Q1 net profit jumps 43%

Indian Bank on Tuesday reported a 43% growth in net profit for the quarter ended June to Rs 307.36 crore, compared with Rs 215.28 crore in the same quarter last fiscal.

By: | Chennai | Updated: August 3, 2016 6:46 AM

Indian Bank on Tuesday reported a 43% growth in net profit for the quarter ended June to Rs 307.36 crore, compared with Rs 215.28 crore in the same quarter last fiscal. Total income during the quarter under review grew marginally to Rs 4,512.96 crore from Rs 4,494.53 crore during the year-ago period.

During the quarter, net interest income grew 10.35% to Rs 1,236.32 crore, compared with Rs 1,120.35 crore in the same quarter last fiscal.

Gross NPAs stood at Rs 8,894.23 crore (6.97% of gross advances), against Rs 5,815.14 crore during the year-ago period.

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