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Indian Bank reports 99% jump in Q3 consolidated net profit

25 Jan 2023 Evaluate

Indian Bank has reported results for third quarter ended December 31, 2022.

The bank has reported rise of 102.36% in its net profit at Rs 1395.76 crore for Q3FY23 as compared to Rs 689.73 crore for the corresponding quarter previous year. Total income of the bank increased by 18.02% to Rs 13550.68 crore for the quarter under review as compared to Rs 11481.80 crore for the same quarter in the previous year.

On the consolidated basis, the bank has reported rise of 98.77% in its net profit at Rs 1454.16 crore for Q3FY23 as compared to Rs 731.58 crore for the same quarter in the previous year. Total income of the bank increased by 18.17% to Rs 13761.95 crore for the quarter under review as compared to Rs 11645.82 crore for the same quarter in the previous year. 

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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