Key Highlights (Quarter ended Sept 23 over Sept 22)
Indian Bank announces Q2 FY2024 results; Net profit up by 62% YoY
Chennai, Oct 26, 2023 : SL Jain, MD & CEO of Indian Bank today announced Half year / Quarter ended 30th September 2023. He said that Bank’s Global Business reached ₹11.33 lakh Cr and Net profit up by 62% YoY, Operating Profit up by 19% YoY.
Key Highlights (Quarter ended Sept 23 over Sept 22)
Net Profit up by 62% YoY at ₹1988 Cr in Sep’23 from ₹1225 Cr in Sep’22
Profit Before Tax up by 75% YoY at ₹2752 Cr in Sep’23 from ₹1571 Cr in Sep’22
Operating Profit for Sep’23 up by 19% YoY at ₹4303 Cr from ₹3629 Cr in Sep’22
Net Interest Income increased by 23% YoY to ₹5741 Cr in Sep’23 from ₹4684 Cr in Sep’22
Fee based income grew by 11% YoY to ₹805 Cr in Sep’23 from ₹723 Cr in Sep’22
NIM (Domestic) increased to 3.52...