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Indian Bank net up 14 percent
Thursday, 22 January 2009, 00:14 IST
Chennai: The city-based Indian Bank has posted a net profit of 
3.5 billion for the third quarter ended Dec 31, up 14 percent, as against 3.07 billion declared in the corresponding period of 2007.
The bank's total income went up 23.6 percent to 20.71 billion (2,071 crore) during the period under review from 16.76 billion (1,676 crore) earned during the third quarter of the last fiscal.
While the gross non-performing assets (NPA) went down to 4.62 billion for the period under review from 5.1 billion the previous year, the net NPA went up to 803 million (80.3 crore) from 778 million (778 crore).
The bank's capital adequacy ratio has come down to 12.68 percent last quarter from 13.51 percent in the corresponding period the previous year.
Source: IANS
3.5 billion for the third quarter ended Dec 31, up 14 percent, as against 3.07 billion declared in the corresponding period of 2007.
The bank's total income went up 23.6 percent to 20.71 billion (2,071 crore) during the period under review from 16.76 billion (1,676 crore) earned during the third quarter of the last fiscal.
While the gross non-performing assets (NPA) went down to 4.62 billion for the period under review from 5.1 billion the previous year, the net NPA went up to 803 million (80.3 crore) from 778 million (778 crore).
The bank's capital adequacy ratio has come down to 12.68 percent last quarter from 13.51 percent in the corresponding period the previous year.
Source: IANS