Government to infuse Rs 280 crore in Indian Bank

10 Feb 2015 Evaluate

Government of India (GoI) has decided to infuse capital funds to the tune of Rs 280 crore in the Indian Bank by way of preferential allotment of equity in favour of the GoI. The Bank is taking all necessary steps / approvals in this regard.

Recently, the bank reported a rise of 4.92% in its net profit at Rs 277.52 crore for the quarter under review as compared to Rs 264.5 crore for the same quarter in the previous year. Total income of the bank increased 5.09 % at Rs 4321.46 crore for Q3FY15 as compared Rs 4112.33 crore for the corresponding quarter previous year.

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Company Name CMP
SBI 820.95
Bank Of Baroda 246.25
Canara Bank 101.10
PNB 101.40
Union Bank Of India 119.20
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