Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,
· The operating income of the company stood at ₹ 7,733 Cr, up 19% YoY · The net profit for this quarter stood at ₹ 1,988 Cr · The net interest income of ₹ 5,741 Cr witnessed a rise of 23% YoY
· The bank’s Total Business registered a growth of 10% YoY · ROA and ROE have improved by 1.06% and 19.90% · The Profit after tax (PAT) saw a massive surge of 62% YoY
47% YoY Growth, Surging UPI Transactions. 86% Digital Adoption. Bank Targets 10%-12% FY 23-24 Growth with Emphasis on Digital Banking for Customer Prosperity.
· The Bank has 5819 domestic branches, inclusive of rural, urban, and semi-urban locations · The bank has 3 branches located abroad
Source: Indian Bank Financial Report – Q2 Report, BSE