Indian Bank Q1 profit up 11 per cent

It had a net profit of Rs 331.66 crore during the corresponding quarter of the last fiscal, Indian bank said in a filing to the BSE.

The bank also reported a 11.07 per cent increase in its total income for the first quarter at Rs 2,477.25 crore, as against Rs 2,230.39 crore, it added.

The bank’s revenue from the corporate banking segment went up by 19.67 per cent to Rs 1,041.37 crore during the quarter ended June 30, from Rs 870.20 crore in the year-ago period. Its retail banking revenue reached Rs 827.58 crore, up 5.74 per cent from Rs 782.62 crore in the first quarter of 2009-10, the filing added.

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