Gross global advances for Indian bank grew by 6.9% on a QOQ basis to INR 2058 bn while deposits registered a QOQ growth of 1%. Domestic NIMS were at 2.96% for the quarter..
Healthy core PPoP, but higher provisions lead to a loss
* Indian Bank reporteda loss of Rs2.2bn,mainly due to higher NPA provisions to improve specific PCR (now at 56%..
The bank reported standalone net loss during the quarter stood at Rs 217.74 crore as compared to net loss of Rs 189.77 crore in the previous year quarter. Interest income..
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