Indian Bank Q1 net rises 10.5% to Rs 407 cr

Indian Bank posted a 10.5% increase in its net profit at Rs 407 crore for the quarter ended June 30, 2011. For the same period a year ago the bank's net profit was Rs 368.14 crore.

Total income rose 22.3% to Rs 3,030.74 crore from Rs 2,477.24 crore a year ago.

Shares dropped 0.37% to Rs 226 at 1105 hrs on Bombay Stock Exchange.