Indian Bank has reported result for the fourth quarter and year ended March 31, 2015.
The bank has posted a fall of 24.01% in its net profit at Rs 206.15 crore for the quarter ended March 31, 2015 as compared to Rs 271.28 crore for the same quarter in the previous year. However, total income of the bank has increased by 4.15% at Rs 4410.48 crore for quarter under review as compared to Rs 4234.83 crore for the quarter ended March 31, 2014.
For the year ended March 31, 2015, the bank has posted a fall of 13.27% in its net profit at Rs 1005.17 crore as compared to Rs 1158.94 crore for the same period in the previous year. However, total income of the bank has increased by 3.58% at Rs 17216.29 crore for year under review as compared to Rs 16620.88 crore for the period ended March 31, 2014.
For the year ended March 31, 2015, on the consolidated basis, the bank has posted a fall of 11.81% in its net profit after tax at Rs 1048.76 crore as compared to Rs 1189.25 crore for the same period in the previous year. However, total income of bank has increased by 3.60% at Rs 17225.56 crore for year under review as compared to Rs 16627.45 crore for the period ended March 31, 2014.
