State sector lender Indian Bank today reported a growth of 11 per cent at Rs 368.15 crore in net profit for the first quarter, ended June 30.
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 Bombay Stock Exchange.
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.
Indian 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. During the quarter, the bank had raised Rs 500 crore as lower Tier II bonds.
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