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Indian Bank reports 34% rise in Q3 consolidated net profit

07 Feb 2022 Evaluate

Indian Bank has reported results for third quarter ended December 31, 2021.

The bank has reported a rise of 34.12% in its net profit at Rs 689.73 crore for the quarter under review as compared to Rs 514.28 crore for the same quarter in the previous year. Total income of the bank increased by 2.81% at Rs 11,481.80 crore for Q3FY22 as compared Rs 11,167.86 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported a rise of 33.79% in its net profit at Rs 704.18 crore for the quarter under review as compared to Rs 526.32 crore for the same quarter in the previous year. Total income of the bank increased by 2.90% at Rs 11,645.82 crore for Q3FY22 as compared Rs 11,317.86 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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