Indian Bank Reported a fall of 66.8 percent year on year in its net profit for the September quarter. The lender reported a profit of Rs 150.1 Crore. A year ago, it posted a profit of Rs 451.5 crore.
The net interest income (NII) was reported at Rs 1,730.93 crore, a jump of 12 percent from Rs 1,543.7 crore during the corresponding quarter of last year.
The Bank Reported Gross non-performing assets (NPAs) ratio of 7.16 percent against 7.20 percent in the previous quarter. The net NPA ratio, however, rose to 4.23 percent from 3.79 percent last quarter.
Meanwhile, the bank reported gross NPA of Rs 12,334 crore against Rs 11,828 crore during previous quarter. The net NPA, too, rose at Rs 7,060 from Rs 5,999 crore last quarter.
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