Indian Bank post 7% rise in Q3FY12’s net profit

Indian Bank | Bank - Public | BFSI | BSE: 532814 | NSE: INDIANB

30 Jan 2012 Evaluate

Indian Bank has reported results for the quarter ended December 31, 2011.

The bank‘s net profit for the quarter has moderately rose by 7.05% at Rs 525.93 crore as compared to Rs 491.29 crore for the December quarter of the previous fiscal. The bank’s total income has increased by 32.75% at Rs 3,505.26 crore for the quarter under review from Rs 2,640.58 crore for the December quarter of the previous fiscal.

Indian Bank is a mid-sized government bank with over 1,860 branches across India, one branch in Singapore and two in Sri Lanka. It has a particularly strong presence in Tamil Nadu.

Peers

Company Name	CMP
State Bank Of India	987.20
PNB	116.75
Bank Of Baroda	232.50
Canara Bank	123.45
Union Bank Of India	177.90
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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