Indian Bank Q3 income up 23%, net profit up 14%
Indian Bank has posted a net
profit
of Rs 350.70 crore for the quarter ended Dec 31, 2008, up over 14 per cent compared to Rs 307.50 crore in the corresponding quarter of 2007. Total income of the bank increased to Rs 2071.37 crore for the Oct-Dec quarter of 2008 from Rs 1676.00 crore in the quarter ended Dec 31, 2007. This represents a growth of 23.6 per cent year on year. Shares of the PSU bank were up over 4 per cent at Rs 129.45 on the BSE, following the third quarter results.
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