CMD of Indian Bank, TM Bhasin told CNBC-TV18 that their good profitability came on account of good recoveries in the quarter.
Indian Bank announced a 12.74% increase in net profit today at Rs 469 crore versus Rs 416 crore, year on year. Its net interest income (NII) came in at Rs 1,145 crore, up 16% year on year. In an exclusive interview to CNBC-TV18, chairman and managing director of Indian Bank, TM Bhasin said that their good profitability came on account of good recoveries in the quarter.
Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.