Chennai: Indian Bank Q2 consolidated net profit stood at Rs 412 crore, as against net loss of Rs 1,755 crore in the corresponding quarter last year, due to an increase of non-interest income by 29%, at Rs 1,611 crore.
Non Interest income is fee, forex income, recovery of bad debts and treasury income. Net interest income
"Recovery of bad debts improved to Rs 141 crore in September quarter, from Rs 24 crore in the June quarter, 2020."
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