Indian Bank announced Q2 Finance results on Net profit 15% growth to Rs 412 crore

Indian Bank announced Q2 Finance results on Net profit 15% growth to Rs 412 crore


 

India is the oldest bank on Indian bank announced   Q2 Finance results report the Rs.412.28 crore to this quarter increase the 15% percent, as against last year the same quarter s.358.56 crore.

The Bank merged with Allahabad Bank and the Indian bank merged on April 1, 2020.

Indian Bank total revenue Rs.11,669 crore increase this quarter growth revenue a comparison last year same quarter revenue Rs.6,045.32 crore. 

NPA ( Non-Performing Assets) increase 9.89% percent but last year the same quarter 7.20% percent. Non interest income grew 29% percent Rs.1,611 crore. 

The bank Domestic net interest margin 3.06% percent an increase the 39 bps.

Indian Bank share price down the Q2 Finance results after -.1.45% percent and this share current share price Rs.61.15.



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