Indian Bank March net up 63% to Rs 394 crore

Public sector lender Indian Bank today said its net profit for the March quarter jumped 63 per cent to Rs 394.08 crore compared with Rs 241.67 crore over the same period last year.

Total income for the quarter rose to Rs 2,148.48 crore from Rs 1,672.85 crore in the same period ended March 2008, the bank informed the Bombay Stock Exchange.
 

Indian Bank
(Rs crore)	9-Aug	% Chg*
Int earned	6,833	31
Other income	1,046	-1
Total income	7,879	26
Int expended	4,216	34
OP	2,241	31
Net profit	1,255	20
*Y-o-Y growth, Consolidated figures

For the year ended March 31, the bank has posted a consolidated net profit of Rs 1,255.15 crore, up 20.32 per cent from Rs 1,043.12 crore in the year-ago period. Total income for the year rose to Rs 7,879.19 crore from Rs 6,268.45 crore in the same period ended March 2008.