State sector lender Indian Bank today reported a growth of 11 per cent at Rs 368.15 crore in net profit for the first quarter, ended June 30.
It had a net profit of Rs 331.66 crore during the corresponding quarter of the last fiscal, Indian bank said in a filing to the Bombay Stock Exchange.
The bank also reported a 11.07 per cent increase in its total income for the first quarter at Rs 2,477.25 crore, as against Rs 2,230.39 crore, it added.
Indian Bank's revenue from the corporate banking segment went up by 19.67 per cent to Rs 1,041.37 crore during the quarter ended June 30, from Rs 870.20 crore in the year-ago period.
Its retail banking revenue reached Rs 827.58 crore, up 5.74 per cent from Rs 782.62 crore in the first quarter of 2009-10, the filing added. During the quarter, the bank had raised Rs 500 crore as lower Tier II bonds.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app