Indian Bank declares Q1 FY25 results: Net profit rises 41% to Rs 2,403 crore
Gross non-performing asset ratio of the bank stood at 3.77 percent against 5.47 percent in the year-ago period and 3.95 percent in the March quarter. Chennai, July 29, 2024: SL Jain, CEO, Indian Bank today declared Q1 FY25 financial reports and said that the bank achieved a 40.6 percent on-year rise in net profit at Rs 2,403.42 crore in the first quarter of the current financial year. Sequentially, the profit was up around 7 percent. Gross non-performing asset (NPA) ratio of the bank stood at 3.77 percent against 5.47 percent in the year-ago period and 3.95 percent in the March quarter. (Center) SL Jain, CEO, Indian Bank Net NPA ratio eased to 0.39 percent from 0.43 percent in the March quarter and 0.70 percent in the year-ago period. In absolute terms, gross NPA of the lender stood at Rs 20,302.16 crore as on June 30, as compared to Rs 21,106.31 crore in a quarter ago period, and Rs 26,226.92 crore in a year ago period. Gross non-performing asset (NPA) ratio of t...