Indian Bank net up 7

Public sector lender Indian Bank today reported a 7 per cent growth in net profit to Rs 525.93 crore for the quarter ended December 31,2011.

The company had posted a net profit of Rs 491.29 crore for the October-December quarter last fiscal.

Total income of the bank increased to Rs 3,505.25 crore during the third quarter from Rs 2,640.58 crore in the corresponding period last year,the bank said in a filing to the Bombay Stock Exchange.