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Indian Bank reports 55% rise in Q4 consolidated net profit
May-06-2024

Indian Bank has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The bank has reported 55.26% rise in its net profit at Rs 2,247.00 crore for the quarter under review as compared to Rs 1,447.28 crore for the same quarter in the previous year. Total income of the bank increased by 18.60% at Rs 16,887.02 crore for Q4FY24 as compared Rs 14,238.29 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported 54.60% rise in its net profit at Rs 2,260.31 crore for fourth quarter ended March 31, 2024 as compared to Rs 1,462.02 crore for the same quarter in the previous year. Total income of the bank increased by 18.38% at Rs 17,065.49 crore for Q4FY24 as compared Rs 14,415.98 crore for the corresponding quarter previous year. 

For the year ended March 31, 2024, the bank has reported 52.66% rise in net profit at Rs 8,062.94 crore as compared to Rs 5,281.70 crore for the previous year. Total income of the bank increased by 21.88% at Rs 63,481.50 crore for year under review as compared to Rs 52,085.27 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the bank has reported 52.50% rise in its net profit at Rs 8,129.15 crore as compared to Rs 5,330.48 crore for the previous year. Total income of the bank increased by 21.67% at Rs 64,231.68 crore for year under review as compared to Rs 52,789.66 crore for year ended March 31, 2023.

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