Indian Bank Q2 Results: Net profit jumps 62% to Rs 1,988 crore

Indian Bank Q2 Results: Public sector Indian Bank on Thursday reported a 62 per cent growth in net profit at Rs 1,988 crore for the September quarter. The bank had posted a net profit of Rs 1,225 crore in the year-ago period.

Interest income of the Chennai-based bank rose to Rs 13,743 crore, from Rs 10,710 crore in the same period of previous fiscal.

The gross non-performing assets (NPAs) as a percentage of total loans improved to 4.97 per cent at the end of September 2023 as against 7.30 per cent a year ago.

Shares of Indian Bank were trading at Rs 400.35 apiece, down 2.09 per cent over the previous close on the BSE.

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