Indian Bank Q3 net up 7 pc at Rs 526 cr | business | Hindustan Times
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Indian Bank Q3 net up 7 pc at Rs 526 cr

Public sector lender Indian Bank on Monday reported a 7% growth in net profit to Rs 525.93 crore for the quarter ended December 31, 2011.

business Updated: Jan 30, 2012 16:16 IST

Public sector lender Indian Bank on Monday reported a 7% growth in net profit to Rs 525.93 crore for the quarter ended December 31, 2011.

The company had posted a net profit of Rs 491.29 crore for the October-December quarter last fiscal.

Total income of the bank increased to Rs 3,505.25 crore during the third quarter from Rs 2,640.58 crore in the corresponding period last year, the bank said in a filing to the BSE.

Interest income of the bank rose to Rs 3,224 crore from Rs 2,391 crore in the same period last year, it said.

Shares of Indian Bank were being quoted at Rs 216.50 apiece in afternoon trade on the BSE, down 0.69% from their previous close.