Indian bank’s q4fy24 profit soars by 55% to rs 2,247 crore

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Indian Bank’s Q4FY24 results reveal a remarkable 55% increase in profits, reaching Rs 2,247 crore. The bank’s Net Interest Income also rose by nine percent, signaling strong financial performance and growth prospects.

The indian Bank has released the results for the March quarter. According to the bank’s results, the company’s profit has increased by 55 percent to Rs 2,247 crore in the fourth quarter (Q4FY24). The company’s profit in the same quarter last year was Rs 1,447 crore. Interest income (NII) of public sector banks has increased by 9% year-on-year to Rs 6,015 crore in the fourth quarter. In the fourth quarter last year, the bank’s interest income was Rs 5,508 crore.

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