Indian Bank Q1 net slips 43.7% to Rs 209.31 cr

: Public sector Indian Bank today reported a 43.7 decline in net profits for the quarter ending June 30, 2018 to Rs 209.31 crore.

The city-headquartered bank had recorded net profits of Rs 372.40 crore in the corresponding period last year.

For the year ending March 31, 2018 the bank's net profits stood at Rs 1,258.99 crore.

Total income for the April-June 30, 2018 quarter went upto Rs 5,131.96 crore from Rs 4,788.04 crore registered in the same period of the previous year.

For the year ending March 31, 2018 total income was Rs 19,519.48 crore.

Gross NPA as on June 30, 2018 stood at 7.20 per cent as against 7.21 per cent recorded in the same period last year.

Net NPA as on June 30, 2018 stood at 3.79 per cent as against 4.05 per cent in the corresponding period in 2017.

The bank shares ended at Rs 354.80 apiece, down by 5.20 per cent over the previous close in the BSE.