CHENNAI PRESS NEWS

Chennai, 24 July 2025:  Chennai-based  Indian Bank's MD & CEO Binod Kumar today announced the Bank's Q1FY26 Financial Results . He said that the bank  posted a 24 per cent rise in net profit to Rs 2,973 crore in the first quarter of the current financial year and  had earned a net profit of Rs 2,403 crore in the same quarter of the previous fiscal year. (L to R) Ashutosh Choudary, Executive Director; Binod Kumar, MD & CEO ; Brijesh Kumar, Executive Director  The total income rose to Rs 18,721 crore during the June quarter of 2025-26 from Rs 16,945 crore in the same period of FY25, Indian Bank said in a regulatory filing.  Interest earned by the bank surged to Rs 16,283 crore compared to Rs 15,039 crore in the June quarter FY25. Press meet Youtube Video link 👇  During the period under review, its operating profit increased to Rs 4,770 crore from Rs 4,502 crore in the same quarter a year ago.  The bank's asset quality showed improvement as...

Chennai, May 06, 2024: SL Jain, MD & CEO, Indian Bank today announced the Q4 FY24 Financial Results during the press meet at their Corporate office. He said that Indian Bank posted a 55 per cent rise in net profit to Rs 2,247 crore in Q4FY24, compared to Rs 1,447 crore in the same period in FY23, due to a rise in income and improved asset quality. SL Jain, MD & CEO, Indian Bank  The Chennai-based lender’s total income increased by 19 per cent to Rs 16,887 crore in the March quarter of FY24, from Rs 14,238 crore in the same period in FY23. As on March 31, 2024, the company’s gross non-performing assets (NPA) were 3.95 per cent of gross advances, compared to 5.95 per cent during the same period in 2023. Similarly, net NPA was seen at 0.43 per cent of gross advances as on March 31, 2024, compared to 0.90 per cent during the same period in 2022-23. Net Interest Income (NII) increased by 9 per cent year-on-year (Y-o-Y) to Rs 6,015 crore in the March quarter of FY24, from Rs 5,...