Indian Bank (File Photo)
In the third quarter of FY 2021, the interest income of Indian Bank was Rs 4,313.3 crore while in the third quarter of FY 2020, the bank’s interest income was Rs 1,955.2 crore.
- January 22, 2021, 5:14 PM IST
In the third quarter of FY 2021, the interest income of Indian Bank was Rs 4,313.3 crore while in the third quarter of FY 2020, the bank’s interest income was Rs 1,955.2 crore. On a quarter-on-quarter basis, Gross NPAs of Indian Bank declined to 9 percent from 9.9 percent in the third quarter. On a quarterly basis, Net Bank’s NPAs in the third quarter declined from 3 per cent to 2.4 per cent.
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On a quarter-on-quarter basis, Indian Bank’s provisioning increased to Rs 2,314.4 crore from Rs 2,284.1 crore in the third quarter, while Indian Bank’s provisioning was Rs 1,529.3 crore in this quarter on an annual basis. The bank’s other income has increased from Rs 1,038.6 crore to Rs 1,396.8 crore on an annual basis.Also read- Big news for PNB account holders, will not be able to withdraw money from these ATMs from February 1, the bank said …!
The board of directors of the bank approved raising 4 thousand crores
Significantly, the Board of Directors of Indian Bank has approved the proposal to raise Rs 4 thousand crore from the sale of shares to strengthen the capital base of the bank. In a communication sent to the stock exchanges, the bank said, “The Board of Directors has approved to raise up to Rs 4,000 crore for QIP, FPO rights issue or collectively. For this, permission from the Government of India and the Reserve Bank will be required.