:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

INDIAN BANK POSTS 11% GROWTH IN NET PROFIT

Indian Bank reported an 11 per cent rise in net profit to Rs 368.15 crore for the first quarter ended June 30 as compared to Rs 331.66 crore during the corresponding quarter of the last financial year. The bank posted a 11.07 per cent increase in total income at Rs 2,477.25 crore, as against Rs 2,230.39 crore in the same period last year.

Indian Bank’s revenue from the corporate banking segment went up by 19.67 per cent to Rs 1,041.37 crore, from Rs 870.20 crore in the year-ago period.

Mr. T M Bhasin, chairman and managing director, Indian Bank, said the bank’s current account, savings account (CASA) base rose to Rs 29,750 crore in June 2010 from Rs 22,957 crore during the same period last year. CASA share improved to 33.34 per cent in the first quarter of 2010-11, from 30.39 per cent a year ago.

The bank’s net interest margin (NII) growth would remain healthy at 24 per cent, he added

Posted by C.B.O.A., A.P.

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