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Indian Bank opens new branch in Tamil Nadu

14 Jan 2015 Evaluate

Indian Bank, a public sector lender, has opened its new branch in Pon Nagar, namakkal in the state of Tamil Nadu. Meanwhile, the bank has set a target of Rs 3 lakh crore business in the current financial year as compared to Rs 2.86 lakh crore during last fiscal.

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.

Peers
Company Name CMP
State Bank Of India 984.50
PNB 116.80
Bank Of Baroda 232.40
Canara Bank 123.90
Union Bank Of India 177.45
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