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Indian Bank Q1 FY24; 41% rise in Profits

Indian Bank is a medium-sized bank which was started in 1907. It offers deposits, loans and services. The Bank’s segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations.

Financial Results:

  • Indian Bank reported Revenues for Q1FY23 of ₹13,050.00 Crores up from ₹10,166.00 Crore year on year, a rise of 28.37%.
  • Total Expenses for Q1FY23 of ₹12,507.00 Crores up from ₹10,542.00 Crores year on year, a rise of 18.64%.
  • Consolidated Net Profit of ₹1,850.00 Crores up 41.11% from ₹1,311.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹14.85, up 41.03% from ₹10.53 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Banking
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