Indian Bank reports 13.47% rise in Q1 net profit

Indian Bank | Bank - Public | BFSI | BSE: 532814 | NSE: INDIANB

23 Jul 2012 Evaluate

Indian Bank has reported results for first quarter ended June 30, 2012.

On the standalone basis, the bank has posted a rise of 13.47% in its net profit at Rs 461.74 crore for the quarter ended June 30, 2012 as compared to Rs 406.93 crore for the same quarter in the previous year. Total income has increased by 18.67% at Rs 3596.50 crore for quarter under review as compared to Rs 3030.74 crore for the quarter ended June 30, 2011.

Indian Bank is a mid-sized government bank with over 1,860 branches across India, one branch in Singapore and two in Sri Lanka. It has a particularly strong presence in Tamil Nadu.

Peers

Company Name	CMP
State Bank Of India	986.15
PNB	116.75
Bank Of Baroda	232.60
Canara Bank	123.35
Union Bank Of India	177.95
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