Indian bank has reported an increase of 7% in its net profit to Rs.525.93 crore for the quarter ended December 31, 2011 as compared to Rs.491.29 crore recorded in the same period of the last fiscal year
The total income of the bank was stood at Rs.3,505.25 crore in the December quarter as against Rs.2,640.58 crore in the year ago period.
Interest income surged to Rs.3,224 crore from Rs.2,391 crore in the same period of the last financial year.
The shares of Indian bank were declined 2.09% to Rs.213.45 per share on market close on BSE. The scrip has touched an intraday high of Rs.220.25 per share and an intraday low of Rs.210.65 per share in the weak Mumbai market.
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