Indian Bank has reported results for the fourth quarter and year ended March 31, 2018.
The Bank has reported a fall of 58.72% in its net profit at Rs 131.98 crore for the quarter ended March 31, 2018 as compared to Rs 319.70 crore for the same quarter in the previous year. However, total income of the Bank has increased by 7.66% at Rs 4,954.21 crore for quarter under review as compared to Rs 4,601.89 crore for the quarter ended March 31, 2017.
For the year ended March 31, 2018, the Bank has posted a fall of 10.43% in its net profit at Rs 1,259 crore as compared to Rs 1,405.68 crore for the same period in the previous year. However, total income of the Bank increased by 6.95% at Rs 19,519.48 crore for year under review as compared to Rs 18,251.12 crore for the period ended March 31, 2017.
