Indian Bank’s Q4 net profit surged 31.6% to ₹2956 crore, driven by improved asset quality and higher net interest income. The board proposed a dividend of ₹16.25 per share. Gross NPA ratio fell to 3.09%, with a provision coverage ratio of 98.10%. Advances grew 10%, supported by retail, agriculture, and MSME sectors.
2 top stock recommendations from Rahul Sharma
JM Financial Services’ Rahul Sharma maintains a positive outlook on Indian indices, citing recent breakouts in Nifty and Bank Nifty. Nifty is projected to reach