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The operating profit of the bank was almost flat at Rs 4,097 crore as against Rs 4,061 crore in December 2022.
Total income increased to Rs 16,099 crore during the quarter under review as compared to Rs 13,551 crore in the same period last year, Indian Bank said in a regulatory filing.
Interest income also rose to Rs 14,198 crore over Rs 11,834 crore for the quarter ended December 2022.
On the asset quality front, the bank’s gross
Similarly, net NPAs or bad loans came down to 0.53 per cent as compared to 1 per cent in 2022.
As a result, provisions for bad loans declined to Rs 906 crore from Rs 1,474 crore a year ago.
The bank’s provision coverage ratio stood at 95.90 per cent at the end of the December quarter.
The capital adequacy ratio marginally declined to 15.58 per cent from 15.74 per cent at the end of the December quarter of FY22.