Indian Bank, celebrating its centenary year, announced that it has posted a 28.65 per cent jump in net profit at Rs 212.03 crore for the quarter ended June 30, 2007, compared to Rs 164.81 crore for the corresponding period last year.
     At a centenary celebration function in the city on Sunday, the bank’s CMD, M S Sundara Rajan said, “Total income of the bank increased by 31.32 per cent to Rs 1376.74 crore in the operating profit improved by 43.67 per cent to Rs 329.73 crore in the June 2007 quarter. Similarly, the bank’s business grew by Rs 13,591 crore to Rs 79,879 crore for the first quarter of this fiscal compared to Rs 66,288 core for the same period last year.
Net interest income grew by 19.82 pc to Rs 490.49 crore for Q1, 2007 against Rs 409.36 crore for the corresponding period last year.  Net NPA (Non Performing Assets) fell to 0.28 pc net advances.