Indian Bank's net up 2.70% at Rs 241.67 cr in Q4

State-run Indian Bank announced a stand-alone net profit of Rs 241.67 crore for the fourth quarter ended March 31, 2008.

Updated on: Apr 23, 2008, 16:37:40 IST

PTI | By HT Correspondent, Mumbai

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State-run Indian Bank on Wednesday announced a stand-alone net profit of Rs 241.67 crore for the fourth quarter ended March 31, 2008, a 2.70% growth over the corresponding period a year-ago.

The company had a stand-alone net profit of Rs 235.30 crore for the fourth quarter last financial year, Indian Bank said in a filing to the Bombay Stock Exchange.

The total income increased to Rs 1,672.85 crore in the last quarter of the previous fiscal from Rs 1,563.59 crore in the year-ago period.

For the fiscal ended March 31, 2008, the net profit stood at Rs 1,008.74 crore, up from Rs 759.77 crore in the previous financial year.

The total income for the fiscal rose to Rs 6,218.67 crore from Rs 5,017.86 crore a year-ago.

Shares of the bank were trading at Rs 144.45 at the BSE at 3.04 pm, down 7.49.

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