Chennai: Indian Bank on Thursday reported a 19.9 per cent decline in net profit at Rs. 264.50 crore for the third quarter that ended in December 2013.
The Chennai-headquartered state-run lender had registered a net profit of Rs. 330.58 crore for the corresponding quarter a year ago.
For the nine months ended December, the bank's net profit dipped to Rs. 887.65 crore from Rs. 1,289.00 crore registered in the corresponding period of previous fiscal year.
Total income of the bank was at Rs. 4,112.33 crore from Rs. 3,786.68 crore in the corresponding period of last year.
For the nine month period, total income of the bank rose to Rs.12,386.05 crore from Rs. 11,156.94 crore earlier.
Global business of the bank during the quarter under review rose toRs. 2.70 lakh crore from Rs. 2.35 lakh crore earlier, Indian Bank chairman and managing director T M Bhasin told reporters.
As of 2.58 p.m., shares in Indian Bank were trading at Rs. 108.80 apiece on the BSE, up 2.16 per cent from the previous close.
The Chennai-headquartered state-run lender had registered a net profit of Rs. 330.58 crore for the corresponding quarter a year ago.
For the nine months ended December, the bank's net profit dipped to Rs. 887.65 crore from Rs. 1,289.00 crore registered in the corresponding period of previous fiscal year.
Total income of the bank was at Rs. 4,112.33 crore from Rs. 3,786.68 crore in the corresponding period of last year.
For the nine month period, total income of the bank rose to Rs.12,386.05 crore from Rs. 11,156.94 crore earlier.
Global business of the bank during the quarter under review rose toRs. 2.70 lakh crore from Rs. 2.35 lakh crore earlier, Indian Bank chairman and managing director T M Bhasin told reporters.
As of 2.58 p.m., shares in Indian Bank were trading at Rs. 108.80 apiece on the BSE, up 2.16 per cent from the previous close.
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