Indian Bank FY07 net up 50% to Rs 760cr

Indian Bank has posted a 50% jump in net profit at Rs 759.77 crore for the year ended March 31, 2007 (FY07) when compared with Rs 504.48 crore for the year ended March 31, 2006 (FY06)."

According to an official release issued by the bank to the BSE today, total income has increased to Rs 5017.86 crore for FY07 from Rs 3827.74 crore for FY06.

For the quarter ended March 31, 2007, (Q4FY07) the bank has posted a net profit of Rs 235.31 crore when compared with Rs 139.16 crore for Q4FY06. Total income has increased to Rs 1563.61 crore for Q4FY07 from Rs 1092 crore for Q4FY06.