Indian Bank has reported results for second quarter ended September 30, 2019.
The Bank has reported over 2-fold jump in its net profit at Rs 358.56 crore for the quarter under review as compared to Rs 150.14 crore for the same quarter in the previous year. Total income of the bank increased by 17.86% at Rs 6,045.32 crore for Q2FY20 as compared Rs 5,129.17 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported over 2-fold jump in its net profit at Rs 358.79 crore for the quarter under review as compared to Rs 149.19 crore for the same quarter in the previous year. Total income of the bank increased by 17.87% at Rs 6,047.14 crore for Q2FY20 as compared Rs 5,130.46 crore for the corresponding quarter previous year.