Indian Bank has organized an exporters meet at Kollam in state of Kerala in order to resolve various banking related issues faced by cashew exporters. The said meet has been organized in association with Cashew Export Promotion Council of India (CEPCI) and the Cashew Committee of Bankers. As many as 40 exporters from Kerala and Tamil Nadu state attended the meeting.
The bank reported a fall of 38.44% in its net profit at Rs 305.76 crore for the quarter ended September 30, 2013 as compared to Rs 496.68 crore for the same quarter in the previous year. However, total income of the bank increased by 8.06% at Rs 4078.24 crore for quarter under review as compared to Rs 3773.75 crore for the quarter ended September 30, 2012.
