INDIAN BANK Q1 NET PROFIT UP AT US$51 MLN

MUMBAI, Jul 21, 2008 (AsiaPulse via COMTEX) -- INDIF | Quote | Chart | News | PowerRating -- Public sector lender Indian Bank (BSE:532814) on Saturday announced a net profit of Rs 2.18 billion (US$51 million) for the quarter ended June 30, 2008, a 2.64 per cent growth over the corresponding quarter previous year.

The company had posted a net profit of Rs 2.12 billion in the quarter ended June 30, 2007, Indian Bank said in a filing to the Bombay Stock Exchange.

Total income of the company rose to Rs 17.44 billion for the quarter ended June 30, 2008, from Rs 13.76 billion last year.

(PTI)

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