Moneycontrol PRO

business

Eyeing 13% credit growth; 150 new branches: Indian Bank

The reason for the 4 percent net profit growth was that the bank had to provide depreciation on the investment book because of a spike in the yield curve due to the Greece issue, says M K Jain, MD and CEO of Indian Bank.

first published: Jul 23, 2015 04:37 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347