Indian Bank Q4 net up by 69 per cent

New Delhi, Apr 23: Indian Bank today reported an increase of 69 per cent in net profit at Rs 235.31 crore for the quarter ended March 31, 2007 as compared to Rs 139.16 crore for the corresponding quarter last year.

Total income increased 43.18 per cent at Rs 1,563.61 crore during Q4FY07 from Rs 1,092.00 crore during Q4FY06.

The Board of Directors of the bank also recommended a dividend of 20 per cent and a special dividend of 10 per cent on the equity share capital to mark its centenary year celebrations and 8 per cent on the preference share capital for the year 2006-07.

During 2006-07, the bank posted a net profit of Rs 759.77 crore as compared to Rs 504.48 crore in the last fiscal.

Total income increased to Rs 5017.86 crore for the year ended March 31, 2007 from Rs 3827.74 crore for the year ended March 31, 2006.

UNI