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Indian Bank reports 35% fall in Q1 net profit

25 Jul 2014 Evaluate

Indian Bank has reported results for first quarter ended June 30, 2014.

The bank’s net profit for the quarter declined by 34.73% at Rs 207.16 crore as compared to Rs 317.39 crore for the quarter ended June 30, 2013. Its total income has decreased marginally by 1.23% to Rs 4144.01 crore for the quarter under review from Rs 4195.48 crore for the corresponding quarter of the previous year.

The bank’s gross NPA for the April-June quarter of the current fiscal stood at 4.01%, as compared to 3.41% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 2.48% in Q1FY15

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