Indian Bank posted 2.64 growth in net profit for Q1

A leading PSU Bank, Indian Bank has announced its first quarter results for the Q1 of 09 financial year in few hours back. Indian Bank' reported a net profit of Rs 217.62 crore for the quarter ended June 30, 2008, a 2.64 per cent growth over the corresponding quarter previous year. The Bank had posted a net profit of Rs 212.09 crore in the quarter ended June 30, 2007, Total income of the company rose to Rs 1,744.99 crore for the quarter ended June 30, 2008, from Rs 1,376.74 crore last year. (Thebullishtrends)