God Of Masses Nandamuri Balakrishna and Blockbuster maker Boyapati Sreenu is one of the craziest …
Read More »Indian Bank Financial Results for the Quarter/Year ended as on 31st March 2024
Key Highlights (Quarter ended Mar’24 over Mar’23) Bank’s Global Business reached ₹12.22 lakh Cr, up by 12%YoY • Net Profit up by 55% YoY at ₹2247 Cr in Mar’24 from ₹1447Cr in Mar’23 • Profit Before Taxes up by 111% YoY at ₹3057 Cr in Mar’24from ₹1452 Cr in Mar’23 • Operating Profit improved by 7% YoY to ₹4305 Cr in Mar’24from ₹4016 Cr in Mar’23 • Net Interest Income increased by 9% YoY to ₹6015 Cr in Mar’24 from ₹5508 Cr in Mar’23 • Fee based income grew by 6% YoY to ₹970 Cr in Mar’24from ₹914 Cr in Mar’23 • Return on Assets (RoA) up by 33 bps to 1.15% in Mar’24from 0.82% in Mar’23 • Return on Equity (RoE) increased by 358 bps to 19.06% inMar’24 from 15.48% in Mar’23 • Yield on Advances (YoA) up by 64 bps to 8.81% in Mar’24from 8.17% in Mar’23 • Yield on Investments (YoI) increased by 26 bps to 6.88% in Mar’24 from 6.62% in Mar’23 • Gross Advances increased by 13% YoY to ₹533773 Cr in Mar’24 from ₹473586 Cr in Mar’23 • RAM (Retail, …
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