Indian Bank Q2 profit slips 67% to `150 cr

NEW DELHI: State-owned Indian Bank Friday reported a 66.7 per cent dip in ITS NET PROFIT AT RS 150.1 CRORE FOR THE SECOND QUARTER ENDED SEPTEMBER ON ACCOUNT OF INCREASE IN BAD LOANS. THE BANK'S NET PROFIT IN THE CORRESPONDING JULY-SEPTEMBER QUARTER OF 2017-18 WAS AT RS 451.5 CRORE. HOWEVER, TOTAL INCOME OF THE BANK INCREASED TO RS 5,129.16 CRORE FOR THE SEPTEMBER QUARTER THIS YEAR, FROM RS 4,874.16 CRORE IN THE SAME PERIOD OF THE PREVIOUS FISCAL, THE BANK SAID IN A REGULATORY FILING.