Indian Bank Posts Rs 3,103 Cr Profit, Up 5%, NII Rises 11%

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AuthorVihaan Mehta|Published at:
Indian Bank Posts Rs 3,103 Cr Profit, Up 5%, NII Rises 11%
Overview

Indian Bank posted a 5% year-on-year increase in its fourth-quarter net profit, reaching Rs 3,103 crore. The lender's Net Interest Income (NII) also showed strong growth, climbing 11.3% to Rs 7,110 crore. Shareholders will receive a dividend of Rs 18.25 per equity share for the financial year 2025-26.

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Q4 Profit Rises 5%

Indian Bank reported its financial results for the fourth quarter ended March 31, 2024. The public sector lender's net profit rose 5% year-on-year to Rs 3,103 crore, compared to Rs 2,956 crore in the prior year's quarter.

Net Interest Income Jumps 11.3%

Net Interest Income (NII) showed significant growth, increasing by 11.3% to Rs 7,110 crore from Rs 6,389 crore in the same period last year. This reflects healthy performance in the bank's lending operations.

Dividend Declared for FY26

For shareholders, Indian Bank declared a dividend of Rs 18.25 per equity share for the financial year 2025-26. Specific dates for the dividend payout are expected to be announced later.

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