For Quick Alerts
For Daily Alerts

Indian Bank Q3 net profits at Rs 265 crores; stock jumps


Majority Government owned, Indian Bank reported a net profit of Rs 265 crores for the quarter ending Dec 31, 2013, as against Rs 305.76 crores in the previous quarter.

Gross non performing assets at the bank dropped from 3.76 per cent to 3.43 per cent for the quarter ending Dec 31, 2013. Markets cheered the drop in the non performing assets with the stock jumping almost 4 per cent in trade.


Net non performing assets were also down to 2.25 per cent, from 2.56 per cent in the previous quarter. Total income at the bank jumped to Rs 4112 crores. The stock was last trading at Rs 110 on the National Stock Exchange.

Story first published: Thursday, January 23, 2014, 13:10 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more