Indian Bank Q1 net dips 35% to Rs 207.15 crore

State-run Indian Bank today reported 34.7% decline in its net profit to Rs 207.15 crore for the quarter ending June 30.

The Chennai-based bank had reported a net profit of Rs 317.39 crore during the corresponding period of the previous year, it said in a statement.

The total income of the bank during the quarter remained flat at Rs 4,144.01 crore, against Rs 4,195.47 crore during the same period a year ago.

For the year ending March 31, 2014, the bank's net profit stood at Rs 1,158.94 crore while the total income was Rs 16,620.88 crore, it added.

Shares of the bank were trading 5.63% down at Rs 151.80 apiece during afternoon trade on the BSE.