High interest income earned during the quarter helped Chennai-based Indian Bank clock 12.7 per

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cent growth in net profit to Rs 469 crore for the September quarter compared with Rs 416 crore in the same quarter of previous year.

Total income earned during the quarter rose 32 per cent to Rs 3,377 crore compared with Rs 2,559 crore in the year-ago period. The bank saw total business cross Rs 2,00,000 crore mark during this period, with 20 per cent growth.

Deposits grew 18 per cent during the quarter to Rs 1,16,218 crore while advances grew 23.4 per cent at Rs 86,372 crore. Indian Bank managed to maintain a net interest margin of 3.76 per cent during the quarter.