https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Indian Bank Posts 35% Jump in Q3 Profit to ₹2,852 Crore, Strengthens Asset Quality

Indian Bank reported a strong 35% rise in net profit for Q3 FY24, reaching ₹2,852 crore, driven by higher core income and improved asset quality, with gross NPAs reducing to 3.26% and net NPAs to 0.21%.
Indian Masterminds Stories

State-owned Indian Bank reported a 35% increase in net profit for the third quarter ended December 2024, reaching ₹2,852 crore, up from ₹2,119 crore a year ago, driven by higher core income.

Total income rose to ₹17,912 crore from ₹16,099 crore, while interest income increased to ₹15,759 crore from ₹14,198 crore. Net interest income grew 10% to ₹16,415 crore.

Operating profit improved to ₹4,749 crore, compared to ₹4,097 crore last year. Asset quality strengthened, with gross NPAs moderating to 3.26% from 4.47%, and net NPAs declining to 0.21% from 0.53%. The provision coverage ratiorose to 98.09%.

The Capital Adequacy Ratio improved to 15.92%, while provisions (excluding tax) fell to ₹1,059 crore from ₹1,349 crore. The strong financials reflect the bank’s improved performance and stability.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
CM mohan Yadav
MP’s Rewa Regional Tourism Conclave: Rs3,000 Crore Investment Proposals Open New Horizons for Economic Growth and Employment
mohan yadav
CM Yadav Unveils Rs3,000 Crore Investment Intentions to Boost Tourism in MP’s Rewa and Shahdol Divisions- Details Inside
IAS Prasanth N
Kerala Govt Orders Inquiry Into Suspended IAS Officer N. Prasanth Over Social Media Allegations- Full Details Inside
Madras_High_Court_
Blurring the Line: Tamil Nadu Government Faces Legal Heat Over IAS Officers’ Appointment as Official Spokespersons- Know Details
ChhattisgarhGovt_resized
Chhattisgarh to Develop 'State Capital Region' on NCR Lines: New Growth Engine for Urban Expansion
Bihar Government-resized-IM
Bihar Government Hikes Pension for Journalists and Their Spouses under Patrakaar Samman Scheme - Details Inside
CM Nitish Kumar
CM Nitish Kumar Lays Foundation Stones Worth Rs 426 Crore in Madhubani, Emphasizes Inclusive Development - Know More
Govt
Uttarakhand Sanctioned 212 Roads Under PMGSY-III, Confirms Rural Development Ministry - Details Inside
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-07-26 at 13.16
What Most Indians Don't Know About Jim Corbett
WhatsApp Image 2025-07-24 at 18.24
How Fireflies and Butterflies Returned In Corbett’s Homeland
Chhoti haldwani
The Forgotten Village of Jim Corbett Comes Alive Again
ADVERTISEMENT
UPSC Stories
IAS Priyansha Garg
Why Mindset Matters: IAS Priyansha Garg’s Mental Health Mantra for UPSC
After two failed prelims, Priyansha Garg cracked UPSC with AIR 31 in her fourth attempt, proving how...
Ashish Akshat
From Setback to State Topper: How Ashish Akshat Topped JPSC While Working Full-Time
Ashish Akshat from Dhanbad topped JPSC 2023, proving that resilience, discipline, and family support...
pulkit bansal new
How a Village Shifted Dr. Pulkit Bansal’s Stethoscope to a Sarkari File
From AIIMS Delhi to AIR 155 in UPSC, Dr Pulkit Bansal’s village posting turned a doctor’s stethoscope...
Social Media
Mangroves
Mangroves: Nature’s Shield Against Disasters, Says Officer Parveen Kaswan on Mangroves Day - Watch His Post Here
Mangroves, with their dense, interlaced root systems, form a mesh-like structure that serves as a buffer...
Retired IPS Inderjit Singh Sidhu
Purpose Doesn’t Retire: How 88-Year-Old Retired DIG Becomes Chandigarh’s ‘Quiet Warrior’ of Cleanliness
Inderjit Singh Sidhu’s Dawn Patrol Earns Applause, Mahindra’s Praise for a Man Who Chose Action Over...
Kashish Mittal ex IAS
Ex-IAS Officer Kashish Mittal’s Soulful Rendition of ‘Unke Andaz-e-Karam’ Goes Viral
Former IAS Officer and IIT Delhi Graduate Wins Hearts with Nusrat Fateh Ali Khan Cover
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
CM mohan Yadav
MP’s Rewa Regional Tourism Conclave: Rs3,000 Crore Investment Proposals Open New Horizons for Economic Growth and Employment
mohan yadav
CM Yadav Unveils Rs3,000 Crore Investment Intentions to Boost Tourism in MP’s Rewa and Shahdol Divisions- Details Inside
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-07-26 at 13.16
WhatsApp Image 2025-07-24 at 18.24
Chhoti haldwani
ADVERTISEMENT
ADVERTISEMENT