 "Indian bank, PSB,")
Indian Bank reported profit before tax (PBT) of Rs 614.22 crore in the quarter ended June 30, 2020 (Q1FY21). The first quarter numbers are not comparable year on year and quarter on quarter as they come after the merger (Indian Bank +Allahabad Bank).
The combined entities reported a total income of Rs 11,446 crore.
The combined entities reported a total income of Rs 11,446 crore.
Operating profit grew by 23 per cent to Rs 2,753 crore for Q1FY21 as against Rs 2,234 crore for Q1FY20.
Padmaja Chunduru, MD & CEO, Indian Bank said, "This is a very satisfying performance in the first quarter post amalgamation".
The key parameters of income,
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