CHENNAI PRESS NEWS

Chennai, Nov 03, 2022: CMA P Raju Iyer , President The Institute of Cost Accountants of India,   CMA Sankar P Panicker , Chairman - Southern India Regional Council of the   Institute [SIRC], CMA Vijay Kiran Agastya, Secretary SIRC has   communicated that the Regional CMA Convention [RCC 2022] is being   organized by Southern India Regional Council of The Institute of Cost   Accountants of India at Chennai, the vibrant capital city of Tamil Nadu, on the   theme " Changes in the Business Landscape: Future Ready Finance   Professionals" on 4th and 5th November 2022. at Le Royal Meridien,   Chennai- 600 016 . (L to R) CMA Rajesh Sai Iyer;  CMA Sankar P Panicker , Chairman - Southern India Regional Council of the   Institute;  CMA P Raju Iyer , President The Institute of Cost Accountants of India;  CMA Vijay Kiran Agastya, Secretary SIRC The Regional Cost Convention 2022 looks forward to have meaningful   conversations with ...

Chennai, Nov 03, 2022: Indian Bank today announced the Financial Results for Quarter/Half Year ended 30th September 2022. Mr.S L Jain, MD & CEO, Indian Bank declared the financial results during the press meet at  Indian Bank Corporate office . Mr.Jain said that Bank’s Global Business reached ₹10.27 lakh Cr, Operating Profit up by 11% YoY and Net profit up by 12% YoY Shanti Lal Jain, MD & CEO, Indian Bank Key Highlights (Quarter ended Sep'22 over Sep'21) Net Profit up by 12% YoY at ₹1225 Cr in Sep’22 from ₹1089 Cr in Sep’21 Operating profit for Sep’22 up by 11% YoY at ₹3629 Cr from ` 3276 Cr in Sep’21 Net Interest Income increased by 15% YoY to ₹4684 Cr in Sep’22 from ₹4084 Cr in Sep’21 Fee based income grew by 18% YoY to ₹723 Cr in Sep’22 Cost-to-Income Ratio stood at 44.27% in Sep’22 as against 45.85% in Sep’21 Domestic NIM stood at 3.20% in Sep’22 as against 2.89% in Sep’21 Return on Assets (RoA) improved to 0.71% in Sep’22 as against 0.69% in Se...