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Increased revenue, reduced provisions: Indian Bank logs Rs 1,708 crore Q1 net

Increased revenue, reduced provisions: Indian Bank logs Rs 1,708 crore Q1 net
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Indian Bank Q1 Results: Net profit rises 41% to Rs 1,709 crore

State-owned Indian Bank posted a 41 per cent increase in net profit at Rs 1,709 crore in the April-June quarter, mainly due to decline in bad loans.

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Indian Bank Q1 Results: Net profit rises 40 8%, asset quality healthy

The gross non-performing asset (GNPA) of the bank declined to 5.47 percent as compared with 8.13 percent last year.

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punjab national bank: Indian Bank Q1 Results: Net profit rises 41% YoY to Rs 1,709 crore

On the asset quality side, the bank witnessed improvement with the gross Non Performing Assets (NPAs) easing to 5.47 per cent of the gross advances by June 2023 from 8.13 per cent a year ago.

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Increased revenue, reduced provisions: Indian Bank logs Rs 1,708 crore Q1 net

With an all-round increase in revenues and a drastic reduction in provisions for loan loss, the government-owned Indian Bank on Thursday said it had closed the first quarter with a net profit of Rs 1,708.83 crore.In a regulatory filing, the .

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