Indian Bank posts 4% rise in net profit to Rs 1,311 crore in first quarter

State-run Indian Bank has posted a 4 per cent increase in net profit for the first quarter of the financial year 2022-23 to Rs 1,311 crore as compared with Rs 1,259 crore during the same period during the last financial year.
 
Total income of the bank during the April-June quarter of 2022-23 also increased by 3 per cent to Rs 11,898 crore from Rs 11,553 crore in the year ago period. The bank’s operating profit for June 2022 was seen up by 4 per cent at Rs 3,575 crore from Rs 3,435 crore in June 2021.
 
The gross