Indian Bank Q3 net at Rs 350.7 cr

State-run lender Indian Bank on Wednesday reported a net profit at Rs 350.70 crore for the third quarter ended December 2008, while it had a net profit of Rs 307.50 crore in the same period last fiscal.

State-run lender Indian Bank on Wednesday reported a net profit at Rs 350.70 crore for the third quarter ended December 2008, while it had a net profit of Rs 307.50 crore in the same period last fiscal.

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The total income rose to Rs 2,071.37 crore during the quarter under review, from Rs 1,676 crore in corresponding quarter in FY'08, Indian Bank said in a filing to the Bombay Stock Exchange.

"The additional segments of corporate banking and retail banking have been included for the quarter and for the nine months ended December 31, 2008.

The figures for the quarter and nine months ended December 31, 2007 are not reclassified and therefore not comparable," the filing added.

For the nine months ended December 2008, Indian Bank reported a net profit at Rs 851.25 crore and a total income of Rs 5,717.30 crore.

Shares of Indian Bank were trading at Rs 129.20, up 3.82 per cent on the BSE.