Indian Bank, a leading public sector bank, has posted a marginal rise of 4.9% in net profit to Rs. 2,775 million for the quarter ended December 31, 2014 as compared to Rs. 2,645 million for the same quarter last year.
Total Income has increased to 5.08% to Rs 43.21 billion for the quarter ended December 31, 2014 from Rs. 41.12 billion for the corresponding quarter last year.
Provisions for bad loans climbed 55.6% year-on-year (up 29% quarter-on-quarter) to Rs 3,703 million in the quarter ended December 2014 with provision coverage ratio at 57.1% as on December 2015.
Shares of the bank gained Rs 1.7, or 0.92%, to settle at Rs 187.25. The total volume of shares traded was 219,598 at the BSE (Monday).