Indian Bank has reported results for third quarter ended December 31, 2020.
The Bank has reported 2- fold jump in its net profit at Rs 514.29 crore for the quarter under review as compared to net profit of Rs 247.16 crore for the same quarter in the previous year. Total income of the bank increased by 75.56% at Rs 11421.34 crore for Q3FY21 as compared Rs 6505.62 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported 83.80% rise in its net profit after minority interest at Rs 534.91 crore for the quarter under review as against net profit of Rs 291.03 crore for the same quarter in the previous year. Total income of the bank increased by 77.90% at Rs 11571.34 crore for Q3FY21 as compared Rs 6504.46 crore for the corresponding quarter previous year.