Indian Bank reported a 5% year-on-year rise in Q4 net profit to Rs 2,956 crore as operating profit improved and both gross and net non-performing assets fell sharply. While the lender expects steady advances growth in the current fiscal year, it flagged potential challenges for treasury operations linked to global events. Deposits also grew strongly.
Indian Bank posted standalone net profit of Rs 3,103 crore for the March-ended quarter, up 5% year-on-year. The bigger story was net interest income, which jumped 11% to Rs 7,110 crore, signaling stronger core banking performance. The bank also declared a Rs 18.25 per share dividend.
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