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Indian Bank Q2FY24; 61% 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 Q2FY24 of ₹13,764.00 Crores up from ₹10,728.00 Crore year on year, a rise of 28.3%.
  • Total Expenses for Q2FY24 of ₹13,153.00 Crores up from ₹11,124.00 Crores year on year, a rise of 18.24%.
  • Consolidated Net Profit of ₹2,069.00 Crores up 60.64% from ₹1,288.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹16.61, up 60.64% from ₹10.34 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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