Indian Bank reports 13% rise in Q2 net profit

Indian Bank | Bank - Public | BFSI | BSE: 532814 | NSE: INDIANB

31 Oct 2011 Evaluate

Indian Bank has reported results for the second quarter ended September 30, 2011.

The bank’s net profit for the second quarter has increased marginally by 12.73% at Rs 468.69 crore as compared to Rs 415.77 crore for the corresponding quarter of the last year. The bank’s total income has surged 31.96% at Rs 3377.13 crore for the quarter under review as compared to Rs 2559.28 crore for the second quarter of the previous year.

Indian Bank is a mid-sized government bank with over 1,860 branches across India, one branch in Singapore and two in Sri Lanka. It has a particularly strong presence in Tamil Nadu.

Peers

Company Name	CMP
State Bank Of India	986.15
PNB	116.75
Bank Of Baroda	232.60
Canara Bank	123.35
Union Bank Of India	177.95
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