Indian Bank Net Up 468% In Fiscal 2003

Indian Bank has registered a 468 per cent growth in net profit to touch Rs 188.33 crore for the year ending March 31, 2003.

Total income increased from Rs 2,795.85 crore to Rs 3,056.91 crore, registering an increase of 9.33 per cent. Indian Bank still continues to have an accumulated losses of Rs 3,842.62 crore as on 31 March 2003.

Addressing a press conference, Ranjana Kumar, chairman and managing director, said