Indian Bank Q1 net dips 35% to Rs 207.15 crore

Total income of the bank during the quarter remained flat at Rs 4,144.01 crore

Press Trust of India Chennai
Last Updated : Jul 25 2014 | 3:27 PM IST
State-run Indian Bank today reported 34.7% decline in its net profit to Rs 207.15 crore for the quarter ending June 30.

The Chennai-based bank had reported a net profit of Rs 317.39 crore during the corresponding period of the previous year, it said in a statement.

The total income of the bank during the quarter remained flat at Rs 4,144.01 crore, against Rs 4,195.47 crore during the same period a year ago.

Also Read

For the year ending March 31, 2014, the bank's net profit stood at Rs 1,158.94 crore while the total income was Rs 16,620.88 crore, it added.

Shares of the bank were trading 5.63% down at Rs 151.80 apiece during afternoon trade on the BSE.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Jul 25 2014 | 2:56 PM IST

Next Story