Mumbai : The Indian Financial institution on Monday reported a 55 for each cent increase in web profit to Rs 2,247 crore for the January-March quarter of 2023-24, compared to the corresponding figures of Rs 1,447 crore documented in the similar interval of the prior 12 months.
The community sector bank’s board of administrators has suggested a dividend of Rs 12 for each share for 2023-24.
The overall money of the lender amplified by 19 per cent to Rs 16,887 crore in the March quarter of FY24, from Rs 14,238 crore in the identical period of time in FY23.
The bank’s net interest earnings (NII) greater by 9 per cent 12 months-on-calendar year to Rs 6,015 crore in the March quarter of FY24, from Rs 5,508 crore in the similar quarter of FY23.
Indian Bank’s asset top quality also enhanced throughout the quarter beneath overview, with its gross non-executing belongings (NPA) declining to 3.95 for every cent of total innovations from 5.95 for every cent during the exact period of time of the previous calendar year.
Similarly, web NPA was observed at .43 for every cent of overall innovations as of March 31, 2024, when compared to .90 for every cent throughout the similar interval in 2022-23.