The city-headquartered bank had recorded net profits of Rs 372.40 crore in the corresponding period last year. For the year ending March 31, 2018 the bank's net profits stood at Rs 1,258.99 crore.
PTI
@moneycontrolcom
Public sector Indian Bank on Wednesday reported a 43.7 percent decline in net profits for the quarter ending June 30, 2018, to Rs 209.31 crore.
The city-headquartered bank had recorded net profits of Rs 372.40 crore in the corresponding period last year. For the year ending March 31, 2018 the bank's net profits stood at Rs 1,258.99 crore.
Total income for the April-June 30, 2018 quarter went upto Rs 5,131.96 crore from Rs 4,788.04 crore registered in the same period of the previous year.
For the year ending March 31, 2018 total income was Rs 19,519.48 crore. Gross NPA as on June 30, 2018, stood at 7.20 percent as against 7.21 percent recorded in the same period last year.
Net NPA as on June 30, 2018, stood at 3.79 percent as against 4.05 percent in the corresponding period in 2017. The bank shares ended at Rs 354.80 apiece, down by 5.20 percent over the previous close in the BSE.First Published on Aug 8, 2018 09:30 pm