Public sector bank Indian Bank has announced its results for the quarter ended September 2010. It has reported net profit of Rs 415.8 crore as against Rs 372 crore, a growth of 11.77% on year-on-year basis (YoY).
Net interest income (NII) jumped 29.5% to Rs 983.2 crore from Rs 759.1 crore (YoY).
Other income increased to Rs 283.66 crore from Rs 237.2 crore. Provisions were up at Rs 132.96 crore from Rs 29.28 crore. Gross non-performing assets (NPA) declined at Rs 903.91 crore from Rs 988.36 crore in Q1FY11.
Net NPAs
* Q2FY11: 0.73%
* Q1FY11: 0.76%
* Q4FY10: 0.23%
* Q3FY10: 0.18%
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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