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Indian Bank Q2 net profit up 6%

The bank reported a total income of Rs 7,370.26 crore in the first six months.

Written by Agencies | New Delhi | Published: October 20, 2012 3:28 pm

Indian Bank today reported 6 per cent increase in net profit at Rs 496.68 crore for the second quarter ended September.

The bank had a net profit of Rs 468.69 crore during the same quarter of the previous fiscal.

Total income of the bank grew to Rs 3,773.75 crore in the July-September quarter from Rs 3,377.13 crore in the same period a year-ago,Indian Bank said in a BSE filing.

Gross NPAs rose significantly to 2.06 per cent of loan assets as on September 30,2012 as compared to 1.21 per cent at the end of second quarter of the previous fiscal.

During the first half of 2012-13,the bank clocked 9 per cent rise in net profit to Rs 958.42 crore compared to Rs 875.62 crore in the same period a year ago.

The bank reported a total income of Rs 7,370.26 crore in the first six months,compared to Rs 6,407.87 crore in the previous financial year.

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