Mumbai: State-run lender Indian Bank on Wednesday reported a net profit at Rs350.70 crore for the third quarter ended December 2008, while it had a net profit of Rs307.50 crore in the same period last fiscal.
The total income rose to Rs2,071.37 crore during the quarter under review, from Rs1,676 crore in corresponding quarter in FY’08, Indian Bank said in a filing to the Bombay Stock Exchange.
“The additional segments of corporate banking and retail banking have been included for the quarter and for the nine months ended 31 December, 2008.
The figures for the quarter and nine months ended 31 December, 2007 are not reclassified and therefore not comparable,” the filing added.
For the nine months ended December 2008, Indian Bank reported a net profit at Rs851.25 crore and a total income of Rs5,717.30 crore.
Shares of Indian Bank were trading at Rs129.20, up 3.82% on the BSE.