Indian Bank reports 62% rise in Q3 consolidated net profit

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

24 Jan 2020 Evaluate

Indian Bank has reported results for third quarter ended December 31, 2019.

The bank has reported a rise of 62.32% in its net profit at Rs 247.16 crore for the quarter under review as compared to Rs 152.27 crore for the same quarter in the previous year. Total income of the bank increased by 23.47% at Rs 6505.62 crore for Q3FY20 as compared Rs 5269.10 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported a rise of 62.42% in its net profit at Rs 247.97 crore for the quarter under review as compared to Rs 152.67 crore for the same quarter in the previous year. Total income of the bank increased by 23.43% at Rs 6504.46 crore for Q3FY20 as compared Rs 5269.75 crore for the corresponding quarter previous year.

Peers

Company Name	CMP
State Bank Of India	984.50
PNB	116.80
Bank Of Baroda	232.40
Canara Bank	123.90
Union Bank Of India	177.45
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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