Indian Bank Q1 Net dips 35% to Rs 207.15 crore

Tags: News
State-run Indian Bank today reported 34.7 per cent decline in its net profit to Rs 207.15 crore for the quarter ending June 30.

The Chennai-based bank had reported a net profit of Rs 317.39 crore during the corresponding period of the previous year, it said in a statement.

The total income of the bank during the quarter remained flat at Rs 4,144.01 crore, against Rs 4,195.47 crore during the same period a year ago.

For the year ending March 31, 2014, the bank's net profit stood at Rs 1,158.94 crore while the total income was Rs 16,620.88 crore, it added.

Shares of the bank were trading 5.63 per cent down at Rs 151.80 apiece during afternoon trade on the BSE.

EDITORIAL OF THE DAY

  • No ifs and buts, please, in India’s engagement with Iran

    Some foreign policy purveyors in this country have for long insisted that India does not leverage its civilisational connections as it should or is ca

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Taslima Nasreen

Hate in the time of bhaijaan

A few days ago I went to watch Bajrangi Bhaijaan, ...

Purnendu Ghosh

Death reveals the true colours of life

Death is instantaneous but it comes progressively. Some say, death ...

Gautam Gupta

Our fashion schools need to notch it up

"Creativity is the key to success and primary education is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture