Indian Bank Q4 Result:
In the March quarter of 2023-24, Indian Bank, a public sector lender, witnessed a significant 55% increase in net profit, reaching Rs 2,247 crore, compared to Rs 1,447 crore in the same quarter of the previous fiscal year. Total income also saw growth, rising from Rs 14,238 crore in the fourth quarter of FY23 to Rs 16,887 crore in the corresponding quarter of FY24. Additionally, Net Interest Income (NII) rose by 9% year-on-year to Rs 6,015 crore in the March quarter of FY23.
For full 2023-24 fiscal, net profit went up by 53% YoY to Rs 8,063 crore, from Rs 5,282 crore in FY23. Total income for FY24 increased to Rs 63,482 crore, from Rs 52,085 crore in FY23.
