Indian Bank has posted a rise of 52.4 per cent in its net profit for the quarter ended 30 June at Rs 331.66 crore compared with Rs 217.62 crore in the previous corresponding quarter. The net sales of the bank during the quarter stood at Rs 2,230.39 crore against Rs 1,744.99 crore last year, up 27.82 pe cent.
The bank's revenue generation from the corporate banking rose during the quarter by 44.53 per cent to Rs 723.67 crore while the retail banking revenues went up by 24.59 per cent to Rs 847.84 crore.
The revenue from the foreign operations during the quarter declined to Rs 45.18 crore from Rs 49.95 crore last year, down 9.55 per cent. However, the revenues from its domestic operations grew 29 per cent to Rs 2,185 crore from Rs 1,695 crore last year.
On the Bombay Stock Exchange, the share price of the Indian Bank was trading strong at Rs 145.15, up 6.34 per cent at 1351 IST.
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