Indian Bank's PAT up by 37% YoY in Q3

8 Feb 2022 , 04:29 PM

Indian Bank Ltd. announced its results for the quarter ending December 2021. The bank reported satisfactory performance in the overall avenues. Its operating income stood at Rs 5,951 crore for the quarter ended December 2021 as against Rs 5,457 crore for the previous corresponding quarter, reporting 9% YoY growth.

Its PBT stood at Rs 3,288 crore for the quarter ended December 2021, as against Rs 2,846 crore for the previous corresponding quarter, reporting a growth of 16% YoY. While PAT for Q3 FY’22 reported at Rs 690 crore against Rs 514 crore for Q3 FY’21, gaining 37% YoY.

The bank’s Net Interest Income for the quarter ended December 2021 stood at Rs 4,395 crore against Rs 4,314 crore for the quarter ended December 2020, registering a growth of 2% YoY.

Its GNPA ratio downgraded by 9 bps in the quarter ended December 2021 at 9.13% as against 9.04% in the previous corresponding quarter. While Net NPA Ratio downgraded 37 bps at 2.72% for Q3 FY’22.

Bank’s Domestic CASA deposits stood at Rs 2,34,442 crore for Q3 FY’22 as compared to Rs 2,13,044 crore for Q3 FY’21, up by 10% YoY. Domestic CASA Ratio stood at 41.67%, and the Global CASA ratio stood at 40.87%.

Gross Domestic Advances reported at Rs 3,85,095 crore for the quarter ended December 2021 against Rs 3,79,073 crore, registering a growth of 2% YoY.

Indian bank closed at Rs 156.05 against its previous closing price of Rs 158.95, down by 2.90 or 1.82%.