Indian Bank's Q1 net profit up 21% on robust other income

Bad loan provisions more than double in Q1 to Rs 681 cr from Rs 327 cr for Q1 of FY17

Indian Bank’s net profits rose by 21 per cent to Rs 372 crore in the first quarter ended June 2017, backed by robust growth in other income.
 

The Chennai-based public sector bank had posted net profits of Rs 307 crore in April-June 2016.

Its net interest income, interest income minus interest expenses, rose by 18 per cent to Rs 1,460 crore in the first quarter of FY18 from Rs 1,237 crore in the year-ago quarter. 

Other income, comprising fees, commissions, and treasury revenues, rose by 48 per cent to Rs 652 crore in April-June 2017 from Rs 441 crore in