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Indian Bank reports 4% rise in Q1 net profit

23 Jul 2015 Evaluate

Indian Bank has reported results for first quarter ended June 30, 2015.

The bank has reported 3.92% rise in its net profit at Rs 215.28 crore for the quarter as compared to Rs 207.16 crore for the same quarter in the previous year. Total income of the bank has increased by 8.46% at Rs 4494.54 crore for quarter under review as compared to Rs 4144.01 crore for the quarter ended June 30, 2014.

The bank’s gross NPA for the April-June quarter of the current fiscal increased to 4.65%, as compared to 4.01% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 2.62% in Q1FY16.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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