Indian Bank reports 6% rise in Q2 net profit

22 Oct 2012 Evaluate

Indian Bank has reported results for second quarter ended September 30, 2012.

The bank has posted a rise of 5.97% in its net profit at Rs 496.68 crore for the quarter ended September 30, 2012 as compared to Rs 468.69 crore for the same quarter in the previous year. Total income from operation has increased by 11.74% at Rs 3773.76 crore for quarter under review as compared to Rs 3377.13 crore for the quarter ended September 30, 2011.

Indian Bank is a mid-sized government bank with over 1,860 branches across India, one branch in Singapore and two in Sri Lanka. It has a particularly strong presence in Tamil Nadu.

Indian Bank Share Price

536.50 -18.65 (-3.36%)
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