Indian Bank has reported results for first quarter ended June 30, 2023 (Q1FY24).
Indian Bank has reported 40.83% rise in its net profit at Rs 1,708.83 crore for the quarter under review as compared to Rs 1,213.44 crore for the same quarter in the previous year. Total income of the bank increased by 25.52% at Rs 14,758.99 crore for Q1FY24 as compared Rs 11,758.29 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 41.08% rise in net profit at Rs 1,849.68 crore for the quarter ended June 30, 2023 as compared to Rs 1,311.08 crore for the same quarter in the previous year. Total income of the bank increased by 25.42% at Rs 14,921.43 crore for Q1FY24 as compared Rs 11,897.53 crore for the corresponding quarter previous year.