Indian Bank Q3 Profit Jumps 7.3% to ₹3,061 Crore, NII Up by ₹481 Crore

• Indian Bank reported a net profit increase from ₹2,852 crore to ₹3,061 crore in Q3, a 7.3% year-on-year rise.
• Net Interest Income (NII) grew by ₹481 crore, from ₹6,414 crore to ₹6,895 crore, indicating robust core banking earnings.
• Asset quality improved significantly, with Gross NPA decreasing from 2.6% to 2.23% and Net NPA marginally down from 0.16% to 0.15% QoQ.
• The bank increased provisioning from ₹739 crore to ₹857 crore, adopting a cautious approach to potential risks.
• Indian Bank's strong Q3 performance highlights improved profitability, NII growth, and better asset quality, strengthening its financial position.

Why It Matters: Indian Bank shows strong Q3 performance with increased profit, NII, and improved asset quality.