 "Indian Bank")
Public sector lender Indian Bank has posted a net profit of Rs 1,709 crore in the fourth quarter ended March 2021 (Q4FY21) as against net loss of Rs 1,641 crore in the same quarter last year (Q4FY20).
The net profit for FY21 stood at Rs 3,005 crore as against loss of Rs 4,643 crore for FY20. This was the first year of operation for the amalgamated entity after Allahabad Bank merged with Indian Bank on April 1, 2020.
Its board has recommended a dividend of Rs two per equity share (20 per cent) for the financial year 2020-21. Its stock
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