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Indian Bank Q4 2013 net profit dips 15%

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Indian Bank Q4 2013 net profit dips 15%
Indian Bank reported 15% drop in its net profit at Rs 292.12 crore for the quarter ended March 31, 2013 against Rs 345.41 crore for the same period of previous fiscal.

The bank's total income grew by 15.3% to Rs 4,022.46 crore for the this quarter, as against Rs 3,488.02 crore posted during the corresponding period of previous fiscal year.

 

The net Non Performing Asset (NPA) stood at 2.26 during the quarter as against 1.33 in the same quarter of previous fiscal year.

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Shares of the bank recovered after hitting 52-week low and was seen trading at Rs157 higher by 1.06% on BSE at 2.50 pm IST.

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