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Public sector lender Indian Bank is expected to report a profit after tax of Rs 542.1 crore in the quarter ended December FY12, rising 10.3% as compared to Rs 491 crore in a year ago quarter.
Motilal Oswal has come with its December quarterly earning estimates for financial sector.
Angel Broking has come with its quarterly earning estimates for banking sector.
CMD of Indian Bank, TM Bhasin told CNBC-TV18 that their good profitability came on account of good recoveries in the quarter.
Unicon Investment has come out with its earning estimates on banking sector for the quarter ended September 2011. According to the research firm, Indian Bank September quarter net interest income is expected to go up by 9.6% at Rs 1077.4 crore, year-on-year, (YoY) basis.
Reporting a net profit of Rs 407 crore versus Rs 368 crore, its first quarter results for FY12, chairman and managing director of Indian Bank, TM Bhasin says, “For the year as a whole, we expect the NIMs to be around 3.5%."
State-owned Indian Bank is expected to report a jump of 12% in its net profit of Rs 412 crore for the quarter ended June 2011 against Rs 368 crore in the corresponding quarter of last fiscal.
In an interview with CNBC-TV18, TM Bhasin, CMD, Indian Bank says, the bank expects 25% loan book growth and 25% deposit growth in FY12.
In an exclusive interview with CNBC-TV18, Indian Bank’s chairman and managing director TM Bhasin says the company is likely to continue to grow on the core business of retail deposits and recoveries in FY12.
Indian Bank has come out with its numbers. The net interest income the NII for FY11 has been risen by 27% to come in at Rs 4,036 crore. The profit is higher by 10% at Rs 1,714 crore.
Unicon Investment has come out with its earning estimates on banking sector for the quarter ended March 2011. According to the research firm, Indian Bank March quarter net interest income (NII) are expected to go up by 21% at Rs 1130.6 crore, year-on-year, (YoY) basis.
In an interview with CNBC-TV18, TM Bhasin, CMD, Indian Bank, spoke about the third quarter results and gives his outlook going forward.
Angel Broking has come out with its earning estimates on banking sector for the quarter ended December 2010. According to the research firm, Indian Bank December quarter operating income are expected to go up by 9.6% to Rs 1278 crore, Year-on-Year, (Y-o-Y) basis.