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Indian Bank reports 14% rise in Q2 consolidated net profit

04 Nov 2022 Evaluate

Indian Bank has reported results for second quarter ended September 30, 2022.

The bank has reported rise of 12.49% in its net profit at Rs 1,225.22 crore for Q2FY23 as compared to Rs 1,089.17 crore for the corresponding quarter previous year. Total income of the bank increased by 9.59% to Rs 12,538.01 crore for the quarter under review as compared to Rs 11,440.42 crore for the same quarter in the previous year.

On the consolidated basis, the bank has reported rise of 14.32% in its net profit at Rs 1,287.39 crore for the quarter under review as compared to Rs 1,126.11 crore for the same quarter in the previous year. Total income of the bank increased by 10.43% to Rs 12,714.20 crore for the quarter under review as compared to Rs 11,513.70 crore for the same quarter in the 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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