'Indian Bank has reported 35% growth in net profit at Rs 2852.36 crore for the quarter ended
December 2024 (Q3FY2025). The bank has posted healthy 10% growth in net
interest income (NII), while the core fee income of the bank also improved 9%
in Q3FY2025. The Net Interest Margin (NIM) of the bank improved to 3.45% in
Q3FY2025 compared to 3.41% in the corresponding quarter of previous year.
On business front, the
bank as has posted 8% growth in business with 10% surge in loan book. The asset
quality of the bank continued to improve in Q3FY2025. Bank has raised the
credit to deposit ratio to 79.6% at end December 2024 from 77.9% at end
December 2023. CASA ratio of the bank has declined to 38.3% at end December
2024 from 39.7% at end December 2023.
Asset quality improves: The bank has continued
to improve asset quality in Q3FY2025.
The fresh slippages of
loans dipped to Rs 1016 crore in Q3FY2025 compared with 1384 crore in previous
quarter and...
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