State-owned Indian Bank witnessed a 21% fall in net profit at Rs 345 crore for the fourth quarter ended March 2012. In the same period, a year ago, it was Rs 439 crore. However, the total income of the bank rose 22% at Rs 3,498 crore as against Rs 2,866 crore in quarter ended March 2011.
For the financial year ended March 2012, the lender’s net profit increased marginally to Rs 1,747 crore from Rs 1,714 crore in FY11. The bank’s total income for FY12 rose 28.30% to Rs 13,411 crore from Rs 10,453 crore in the previous financial year.
Indian Bank announced dividend of Rs 7.50 (75%) for every equity share of face value of Rs 10.
