Indian Bank Q4 Results: Net Profit Rises 47% To Rs 1,447 Crore
Chennai, May 08, 2023: State-owned Indian Bank reported on Monday a 47% rise in net profit to Rs 1,447 crore for the March quarter, helped by a decline in bad loans and a rise in interest income Youtube video linkЁЯСЗ The bank's board has recommended a dividend of Rs 8.60 per share or 86% of Rs 10 face value for the year ended March 31, 2023. Indian Bank's MD & CEO SL Jain announces the bank's Q4 results The bank had earned a net profit of Rs 984 crore in the year-ago period. During the quarter, the bank's total income increased to Rs 14,238 crore against Rs 11,405 crore a year ago, Indian Bank said in a regulatory filing. Interest income grew to Rs 12,244 crore during the period under review from Rs 9,832 crore in the corresponding quarter of the preceding fiscal. The bank's board has recommended a dividend of Rs 8.60 per share, or 86% of Rs 10 face value, for the year ended March 31, 2023. Gross non-performing assets were reduced to 5.95% of gross advance...