Indian Bank Q3 net profit up 11.3% to Rs 491 cr

Indian Bank Monday reported 11.3 percent increase in its net profit to Rs 491.29 crore for the quarter ended December, 2010, against Rs 441.38 crore in the year-ago period.

Mumbai: Indian Bank Monday reported 11.3 percent increase in its net profit to Rs 491.29 crore for the quarter ended December, 2010, against Rs 441.38 crore in the year-ago period.
     
The bank's total income rose by 14.38 percent to Rs 2,640 crore in the October-December 2010-11 quarter from Rs 2,308 crore in the corresponding period of the previous year.
     
The bank's net profit for the first nine months stood at Rs 1,275 crore, while it was Rs 1,145 crore in the year-ago period, the bank said in a filing to the Bombay Stock Exchange (BSE).
     
Its total income in the first nine months was Rs 7,677 crore against Rs 6,713 crore for the same period in the last fiscal.
     
Indian Bank's shares were trading at Rs 231.95, up 5 percent from their previous day's close on BSE.

PTI

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