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Indian Bank reports net loss of Rs 190 crore in Q4

Indian Bank has reported results for the fourth quarter and year ended March 31, 2019.

The bank has reported a net loss of Rs 189.77 crore for the quarter ended March 31, 2019 against net profit of Rs 131.98 crore for the same quarter in the previous year. However, total income of the bank increased by 11.77% at Rs 5,537.47 crore for quarter under review as compared to Rs 4,954.21 crore for the quarter ended March 31, 2018.

For the year ended March 31, 2019, the bank has posted a fall of 74.43% in its net profit at Rs 321.95 crore as compared to Rs 1,258.99 crore for the previous year. However, total income of bank increased 7.93% at Rs 21,067.70 crore for year under review as compared to Rs 19,519.48 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the bank has posted fall of 70.99% in its net profit at Rs 380.13 crore as compared to Rs 1,310.54 crore for the previous year. However, total income of bank increased by 7.89% at Rs 21,073.50 crore for year under review as compared to Rs 19,531.91 crore for year ended March 31, 2018.

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