Indian Bank has reported results for fourth quarter and year ended March 31, 2022.
The bank has reported a fall of 42.40% in its net profit at Rs 984.25 crore for the quarter under review as compared to Rs 1,708.85 crore for the same quarter in the previous year. However, total income of the bank increased by 8.78% at Rs 11,405.17 crore for Q4FY22 as compared Rs 10,485.10 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported a fall of 40.63% in its net profit at Rs 1,024.31 crore for the quarter under review as compared to Rs 1,725.37 crore for the same quarter in the previous year. However, total income of the bank increased by 9.41% at Rs 11,556.02 crore for Q4FY22 as compared Rs 10,561.77 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the bank has reported a rise of 31.29% in its net profit at Rs 3,944.82 crore as compared to Rs 3,004.68 crore for the previous year. Total income of the bank increased by 2.27% at Rs 45,771.67 crore for year under review as compared to Rs 44,755.97 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the bank has reported a rise of 31.52% in its net profit at Rs 4,141.81 crore as compared to Rs 3,149.15 crore for the previous year. Total income of the bank increased by 2.32% at Rs 46,268.15 crore for year under review as compared to Rs 45,219.48 crore for year ended March 31, 2021.
