Indian Bank — Investor Meet, 04-11-2024: Analysts/Institutional Investor Meet/Con. Call Updates
04-11-2024 · 09:21 pm
Indian Bank reported a 36% increase in net profit for Q2 FY25, driven by a 10% rise in operating profit. Business growth was 10%, with credit and deposits growing 12% and 8%, respectively. The bank maintained strong asset quality, with gross NPA at 3.48% and net NPA at 0.27%. Digital transactions rose significantly, and the bank is focused on further digitization and recovery initiatives. Visit their website for the full post-earnings call transcript.
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