 "Indian Rupee")
Indian Bank has reported a 278.39 per cent growth in net profit during the quarter ended March 31, 2017 to Rs 319.40 crore as against Rs 84.49 crore.
The bank is planning to come out with a follow on offer to reduce Government's stake to 70 per cent. The money will also support Indian Bank's growth. Currently government's stake is 85 per cent.
Kishor Kharat, new MD & CEO of Indian Bank attributed the performance to increase
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