The net profit of Indian Bank has increased exponentially to ₹2,403.42 crore in the first quarter of this financial year from ₹1,705.58 crore in the same quarter last fiscal, notching 40.6 per cent growth. Sequential growth was about 7 percent. The gross non-performing asset ratio of the bank improved to 3.77%, against 5.47% in the year-ago period and 3.95% in the previous quarter. Net NPA ratio also slipped, moderating to 0.39% from 0.43% in the March quarter and 0.70% a year earlier.
This strong financial performance reflects Indian Bank’s strong management of asset quality and strategic focus on profitability and growth.
News Desk
