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Last Updated : Oct 31, 2011 04:19 PM IST | Source: CNBC-TV18

Good recoveries in Q2 ensured profitability: Indian Bank

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.



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First Published on Oct 31, 2011 03:21 pm
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