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Indian Bank reports over 2-fold jump in Q2 consolidated net profit

23 Oct 2019 Evaluate

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.

Peers
Company Name CMP
State Bank Of India 947.60
PNB 116.25
Bank Of Baroda 238.30
Canara Bank 119.40
Union Bank Of India 173.65
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