Indian Bank Q3 FY11 Results : Net profit up 11.31%

by khalid on 24/01/2011 · 0 comments

Public sector lender Indian Bank has posted a net profit for the period Q3 (ending Dec 10) of the current fiscal (FY10-11). During the said quarter, net profit rose 11.31% to Rs 491.29 crores in comparison to Rs 441.38 crores of Q3 (ending Dec 09) of previous year (FY09-10). Chennai based Indian Bank is a leading bank of the country. The Bank has 1657 branches in India spread over all states/ union territories and about 22,000 employees. It has overseas branches in Colombo, Sri Lanka, Singapore, and 229 correspondent banks in 69 countries.

The bank informed the BSE that the total income rose 20.92% to Rs 2640.58 crore in Q3 (ending Dec 2010) of the current fiscal (FY10-11) when compared with the same quarter Q3 (ending Dec 2009) of previous year (FY09-10). Total income was Rs 2308.28 crores in last year’s quarter Q3.

Share’s Data :-
BSE Code : 532841
Mkt. Cap : Rs 10,059.47 Crores
Bank of India share’s CMP is Rs 234.04 on 24th Jan 2011.

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