Indian Bank reports around 3- fold jump in Q1 consolidated net profit

Indian Bank has reported results for first quarter ended June 30, 2021.

The bank has reported 3- fold jump in its net profit of Rs 1181.66 crore for the quarter under review as against net profit of Rs 369.26 crore for the same quarter in the previous year. Total income of the bank increased 0.47% at Rs 11500.21 crore for Q1FY22 as compared Rs 11446.71 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported around 3- fold jump in its net profit after minority interest of Rs 1259.82 crore for the quarter under review as against net profit of Rs 430.97 crore for the same quarter in the previous year. Total income of the bank increased by 0.43% at Rs 11608.53 crore for Q1FY22 as compared Rs 11556.09 crore for the corresponding quarter previous year.