Indian Bank Q3 net profit up 11.34% at Rs 491 cr
State-owned Indian Bank has declared its results for the quarter ended December 2010. It has reported net profit of Rs 491 crore as against Rs 441 crore, a growth of 11.34% on year-on-year basis.
January 24, 2011 / 11:33 IST
State-owned Indian Bank has declared its results for the quarter ended December 2010. It has reported net profit of Rs 491 crore as against Rs 441 crore, a growth of 11.34% on year-on-year basis and went up by 18.11% from Rs 415.7 crore (QoQ).
Net interest income jumped to 18.9% to Rs 1,038 crore from Rs 873 crore (YoY) and rose 5.6% from Rs 983 crore (QoQ).Net non-performing assets increased to Rs 418 crore in Q3FY11 from Rs 90 crore in same period of previous year.Highlights
-Net NPA: 0.57% versus 0.16%
-GNPA: Rs 752.2 crore versus Rs 514.2 crore
-GNPA: 1.02% versus 0.89%
-Provisions: Rs 53.5 crore versus Rs 32 crore
-Operating profit: Rs 811.9 crore versus Rs 690.6 crore
-Other income: Rs 248.6 crore versus Rs 339.4 crore
-Operating expenses: Rs 474.4 crore versus Rs 475.8 crore
-2nd Pension Liability: Rs 14 crore provided
-Total provision required for 2nd pension liability: Rs 280 crore
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