Sunday , December 5 2021

Indian Bank reports 67% fall in Q2 net profit

Indian Bank has reported results for second quarter ended September 30, 2018.

The Bank has reported 66.75% fall in its net profit at Rs 150.14 crore for the quarter under review as compared to Rs 451.54 crore for the same quarter in the previous year. However, total income of the Bank increased by 5.23% at Rs 5,129.17 crore for Q2FY19 as compared Rs 4,874.16 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 7.16%, as compared to 6.67% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 4.23% in Q2FY19.

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