Indian Bank has reported results for fourth quarter and year ended March 31, 2014.
The bank has posted a fall of 7.13% in its net profit at Rs 271.28 crore for the quarter ended March 31, 2014 as compared to Rs 292.12 crore for the same quarter in the previous year. However, total income of the bank has increased by 5.27% at Rs 4234.83 crore for quarter under review as compared to Rs 4022.46 crore for the quarter ended March 31, 2013.
For the year ended March 31, 2014, the bank has posted a fall of 26.70% in its net profit at Rs 1158.94 crore as compared to Rs 1581.13 crore in the previous year. However, total income of the bank has increased by 9.49% at Rs 16620.88 crore for year under review as compared to Rs 15179.41 crore for the year ended March 31, 2013.
For the year ended March 31, 2014, on the consolidated basis, the bank has posted a fall of 26.10% in its net profit at Rs 1189.25 crore as compared to Rs 1609.37 crore for the same period in the previous year. However, total income of the bank has increased by 9.49% at Rs 16627.45 crore for year under review as compared to Rs 15186.20 crore for the year ended March 31, 2013.
