Indian Bank has reported results for third quarter ended December 31, 2014.
The bank has registered a rise of 4.92% in its net profit at Rs 277.52 crore for the quarter under review as compared to Rs 264.5 crore for the same quarter in the previous year. Total income of the bank has increased 5.09 % at Rs 4321.46 crore for Q3FY15 as compared Rs 4112.33 crore for the corresponding quarter previous year.
Gross non-performing assets (NPAs) increased to 4.52% in the October- December quarter as against 3.42% in the same quarter previous year, while net NPAs stood at 2.74%.