Indian Bank net up 7% to Rs 438.85cr

Indian Bank has posted a 7% rise in Q4 net profit at Rs 438.85 crore for the quarter ended March 31,2011 as compared to Rs 409.95 crore in the same quarter in the previous fiscal. Total income has increased 24% to Rs 2,865.8 crore from Rs 2,317.72 crore.

The board has also recommended an equity dividend of Rs 7.50 (75%) per equitys hare of facevalue Rs 10 each. Another dividend of Rs 10 (10%) per perpetual non-cumulative preference share of face value of Rs 100 each has been recommended.