Home / Companies / Company Results /  Indian Bank Q2 standalone net more than doubles

Chennai: Public sector Indian Bank on Wednesday said it has posted a 258.56 per cent jump in its net profit for the second quarter ending September 30, 2019. The city-based bank recorded a net profit of 358.56 crore from 150.14 crore registered during the corresponding period last year, its managing director and CEO Padmaja Chunduru told reporters here.

For the six-month period ending September 30, 2019, the net profit grew to 723.83 crore from 359.45 crore during the same period last year, she said. The total income for the July-September quarter went up to 6,045.32 crore from 5,129.16 crore in the corresponding period a year ago, Chunduru said.

For the six-month period ending September 30, 2019, the total income surged to 11,877.44 crore from 10,261.13 crore during a year ago, she said. The bank shares ended at 138.45 apiece up by 9.71 per cent over the previous close on BSE.

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