Indian Bank Q3 net up 61% at Rs 307.5 cr

Posted: 2008-01-12 17:51:28+05:30 IST
Updated: Jan 12, 2008 at 1806 hrs IST

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Mumbai, January 12:: State-run Indian Bank registered 61.44 per cent rise in its net profit of Rs 307.5 crore for the third quarter ended December 31, compared to Rs 190.47 crore for the corresponding period last year.

Total income increased 36.31 per cent to Rs 1676 crore for the quarter ended December 31, against Rs 1229.54 crore for the same period last year, the public sector bank said in a filing to the Bombay Stock Exchange.

The bank's business is divided into four main areas: retail, agriculture, corporate and commercial financial services, and small and medium-sized enterprises.

Shares of the bank dropped 3.22 per cent to Rs 199.95 at the close of Friday's trading on the BSE.

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Indian Bank Q3 net up 61% at Rs 307.5 cr

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