Indian Bank Q3 net declines 19.9 per cent

State-run lender Indian Bank today reported a 19.9 per cent decline in net profit for the third quarter ending December last year at Rs 264.50 crore.

The Chennai-headquartered bank had registered net profit at Rs 330.58 crore during the same period of previous fiscal.

For the nine month period ending December, the net profit of the bank dipped to Rs 887.65 crore from Rs 1,289.00 crore registered during the corresponding period of previous fiscal.

The total income of the bank grew to Rs 4,112.33 crore from Rs 3,786.68 crore in the corresponding period of previous fiscal.

For the nine month period, the total income of the bank rose to Rs 12,386.05 crore from Rs 11,156.94 crore earlier.

Briefing reporters, Indian Bank Chairman and Managing Director T M Bhasin said the global business of the bank during the quarter under review rose to Rs 2.70 lakh crore from Rs 2.35 lakh crore earlier.

EDITORIAL OF THE DAY

  • Finalising the formula for fixing the fair market value of shares calls for a detailed debate

    Whenever there is a change of regime at the Centre, the new government has its tasks cut out for execution.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Roopen Roy

High CEO pay and the gaps it leaves

Unlike the UK, Norway took a remarkable decision with its ...

Zehra Naqvi

Watch your words, for they can kill

You must’ve heard the ph­rase ‘if looks could kill’. Ever ...

Dharmendra Khandal

Biodiversity day has come and gone. Yet again

Every year on May 22, world celebrates international biodiversity day. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture