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Indian Bank posts 4% rise in net profit to Rs 1,311 crore in first quarter

Total income of the bank during the April-June quarter of 2022-23 also increased by 3 per cent to Rs 11,898 crore from Rs 11,553 crore in the year ago period

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Indian Bank's gross non-performing assets decreased by 156 basis points (bps) to 8.13 per cent of the gross advances as of June 2022.

BS Reporter Chennai

2 min read Last Updated : Jul 31 2022 | 1:13 PM IST

State-run Indian Bank has posted a 4 per cent increase in net profit for the first quarter of the financial year 2022-23 to Rs 1,311 crore as compared with Rs 1,259 crore during the same period during the last financial year.

Total income of the bank during the April-June quarter of 2022-23 also increased by 3 per cent to Rs 11,898 crore from Rs 11,553 crore in the year ago period. The bank’s operating profit for June 2022 was seen up by 4 per cent at Rs 3,575 crore from Rs 3,435 crore in June 2021.

The gross

Topics : Indian Bank Q1 results

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