Indian Bank net up 50% to Rs 759.8 cr

SCORECARD

Indian Bank's net profit rose 50.60 per cent to Rs 759.77 crore for the year ended March 31 compared with Rs 504.47 crore a year ago. Total income rose 31.09 per cent to Rs 5,017.86 crore in the period compared with Rs 3,827.74 crore for the year ended March 2006.

The consolidated total business rose to Rs 76,082 crore (Rs 63,167 crore), clocking a growth of 20.44 per cent. Consolidated net worth of the bank improved 61.90 per cent to Rs 3,677.88 crore from Rs 2,271.67 crore in the 2005-06 period.

Consolidated capital adequacy ratio (CAR) went up to 14.22 per cent from 13.25 per cent a year ago. Consolidated earnings per share (EPS) of the bank stood at Rs 21.89 compared with Rs 14.99 in the previous year.

The bank's three subsidiaries, namely Indbank Housing, Indbank Merchant Banking Services and Indfund Management, posted net profit of Rs 25.21 crore, Rs 21.17 crore and Rs 2.05 crore, respectively.