Indian Bank reports marginal rise in Q1 net profit

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

17 Aug 2020 Evaluate

Indian Bank has reported results for first quarter ended June 30, 2020.

The Bank has reported marginal rise of 1.06% in its net profit at Rs 369.26 crore for the quarter under review as compared to Rs 365.37 crore for the same quarter in the previous year. Total income of the bank increased by 96.27% at Rs 11,446.71 crore for Q1FY21 as compared Rs 5,832.12 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 10.90%, as compared to 7.33% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 3.76% in Q1FY21.

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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