RETAIL BANKING | Cesar Tordesillas, India

Indian Bank net profit up 6% at $92.4M

Indian Bank posted a net profit of Rs 496.68 crore or US$92.4 million for the second quarter ended September.

The figure is sic percent higher than its net profit of Rs 468.69 crore in the same quarter of the previous fiscal.

Its total income also grew to Rs 3,773.75 crore in the July-September quarter from Rs 3,377.13 crore in the same period a year-ago.

The bank's gross NPAs rose significantly to 2.06 per cent of loan assets as on September 30, 2012 as compared to 1.21 per cent at the end of second quarter of the previous fiscal.

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