Indian Bank June quarter net jumps 74.55 per cent

Chennai: Public sector Indian Bank on Monday clocked a 74.55 per cent jump in its net profits for the April-June quarter, at Rs 365.37 crore.

The city-based bank had recorded net profits at Rs 209.31 crore during the corresponding quarter of the previous year.

For the year ending March 31, 2019 net profits of the company were at Rs 321.95 crore.


Total income for the April-June quarter grew to Rs 5,832.11 crore from Rs 5,131.96 crore registered during the same period of last year.

For the year ending March 31, 2019 total income of the bank was at Rs 21,067.70 crore.

The bank's shares ended at Rs 189.90 apiece up by 3.49 per cent over the previous close.