Indian Bank Q3 net up 7 % at Rs 526 cr

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Indian Bank Q3 net up 7 % at Rs 526 cr
Indian Bank, a premier bank owned by the Government of India, said it witnessed a growth of 7.04 per cent in net profits for the third quarter ended December 31, 2011 at Rs 525.92 crore.

The company had posted a net profit of Rs 491.29 crore during the same period a year ago, said Indian Bank in its filing to the Bombay Stock Exchange on January 30, 2012.

Besides, the total income of the company increased by 32.74 per cent to Rs 3,505.26 crore during Q3 FY12, as compared to Rs 2,640.58 crore during Q3 FY11.

However, the gross Non Performing Assets (NPA) of the company increased by 58.35 per cent to Rs 11,904.07 crore during Q3 FY12, as compared to Rs 7,522.14 crore during Q3 FY11.

Meanwhile, on Tuesday the shares of the company were trading at Rs 271.50 up by 4.50 points or 1.90%.

Dion Global Solutions Ltd

Read more about: indian bank, results, revenue, bse
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