Indian Bank 2qtr net profits marginally jumps to Rs 314.33 Cr

Public sector Indian Bank has reported a marginal increase in net profit for the second quarter ending September 30, 2014 at Rs 314.33 crore.

The Chennai-based bank had registered net profit of Rs 305.76 crore during the corresponding quarter of previous year, Indian Bank said in a BSE filing.

For the half-year period ending September 30, 2014, the net profits of the company declined by 16.3 per cent to Rs 521.49 crore from Rs 623.15 crore registered during the year ago period.

Total income for the second quarter ending September 30, 2014 grew to Rs 4,340.32 crore from Rs 4,078.24 crore in the same period of previous year.

For the half-year period ending September 30, 2014, the total income of the bank rose to Rs 8,484.33 crore from Rs 8,273.71 crore registered during the same period of previous year.

Shares of the bank were trading at Rs 168.95 apiece, up 1.20 per cent over previous close in afternoon BSE.