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Indian Bank rises on positing decent profit numbers

January 21, 2009

Indian Bank has reported a 14.04% rise in the net profit to Rs 350.70 crore for the December 2008 quarter as against Rs 307.50 crore for the December 2007 quarter.

The bank’s total income moved up from Rs 1676 crore for the December 2007 quarter to Rs 2071.37 crore for the December 2008 quarter.

Indian Bank is currently trading at Rs 125.75 up by 1.30 points or 1.04% from its previous closing of Rs 124.45 on the BSE.

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