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Indian Bank on Monday said its net profit for the third quarter ended December 2014 rose 5 per cent to Rs 278 crore.
“The bank has posted a net profit of Rs 277.54 crore for the quarter ended December 31, 2014, as compared to Rs 264.5 crore for the quarter ended December 31, 2013,” it said in a filing to the BSE.
Total income of the bank increased from Rs 4,112.33 crore for the October-December, 2013-14, to Rs 4,321.47 crore for the third quarter of 2014-15, it added.
“The bank’s net interest margin (NIM) was at 2.47 per cent and return on average assets was at 0.6 per cent in Q3 of FY 2014-15,” Chairman and Managing Director T M Bhasin said in a statement.
Gross NPAs (non-performing assets) to gross advances ratio stood at 4.52 per cent, while net NPAs to net advances stood at 2.74 per cent as of December 2014.
Shares of the bank closed 0.92 per cent up Rs 187.25 apiece on the BSE.
