🔴 High ImpactEarnings
Indian Bank shares surge 9% after strong Q1 results
Indian Bank shares surge 9% after strong Q1 results driven by a ₹1,280 crore net profit, up 37% YoY. Net interest income rose to ₹4,580 crore, beating estimates. Asset quality improved with slippages at ₹1,020 crore, well below expectations. The bank maintained healthy cost-to-income ratio of 48.5%.
📊 STOCKS: INDIANB | 🏢 SECTOR: Banking | #HIGHIMPACT #Earnings
#Earnings#Banking#Q1#ProfitGrowth
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