Mumbai, The Indian Bank on Wednesday reported a jump of 52 per cent in its net profit at Rs 2,119 crore in the December quarter, on the back of improvements in core income and a reduction in bad loans.
During the same period a year ago, the Indian Bank had earned a net profit of Rs 1396 crore.
The operating profit of the Bank was flat at Rs 4097 crore as against Rs 4061 crore in December 2022.
In another development, Indian Overseas Bank reported 30 per cent increase in its. Net profit at Rs 723 crore for December quarter 2023-24. The Bank had earned a net profit of Rs 555 crore in the same quarter a year ago.
Operating profit of the bank improved to Rs 1780 crore as against Rs 1540 crore in December 2022.
