• Indian Bank’s consolidated net revenues (net interest income plus other income) increased by 1.1% quarter-on-quarter (QoQ) during the quarter ended December (Q3FY22). On a year-on-year (YoY) basis, it witnessed a growth of 2.9%.
  • Provisions & contingencies decreased by 2.2% QoQ and increased 21% YoY basis.
  • While the net profit fell by 35% QoQ during the December 2021 quarter, it increased by 36.8% on a YoY basis.
  • The bank’s capital adequacy ratio (CAR) stood at 15.75% in Dec 2021 quarter.
  • Net non-performing assets (NPAs) stood at 2.72% as of Dec 2021.

Indian Bank’s financial statements for Q3FY22:

(Rs, crores) Q3FY21 Q2FY22 Q3FY22 QoQ (%) YoY (%)
Total Income 11,317.9 11,513.7 11,645.8 1.1% 2.9%
Total Expenses 8,457.1 8,226.8 8,338.9 1.4% -1.4%
Provisions 2,060.9 2,549.5 2,493.0 -2.2% 21.0%
Profit before tax 799.9 737.5 813.9 10.4% 1.8%
Tax 273.5 -359.1 109.8 - -59.9%
Profit after tax 534.9 1,126.1 731.6 -35.0% 36.8%
Earnings per share 4.7 9.0 5.9    

Data Source: BSE, Company announcements

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The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results