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Indian Bank reports 24% net profit jump amid growing deposits and improved asset quality.
Indian Bank saw a 24% rise in net profit to ₹2,973 crore in the first quarter of FY26, with net interest income up 2.9% to ₹6,359 crore.
Total deposits grew 9% to ₹7,442.289 crore, and asset quality improved, with the slippage ratio down to 0.9%.
The bank's shares rose 4.43% on the BSE.
Analysts predict the banking sector will recover as net interest margins stabilize and credit costs decline.
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El Banco de la India informa un salto de ganancias netas del 24% en medio de depósitos crecientes y mejora de la calidad de los activos.