NIM was at 3.82% compared to 3.91% in Q3FY09. Its Capital Adequacy as per Basel I norms improved to 13.15% against 12.68 % as in Q3FY09. And as per Basel II norms, it improved to 13.75% v/s 13.09% YoY.
Gross NPAs declined to 0.89% (Rs.514.27 crore) as on 31.12.2009, from 0.92% (Rs.462.46 crore) as on 31.12.2008 and Net NPAs was maintained at 0.16%. During the nine months, total NPA recovery was Rs.471.07 crore.
Total Business of the Bank measured in terms of total deposits and gross advances increased to Rs.1,42,200 crore, up from Rs.1,20,120 crore recording a growth of Rs.22,080 crore (18.38%). Total Deposits rose by 21.64% (Rs.15,072 crore) to Rs.84,732 crore from Rs.69,660 crore. Gross Advances increased by 13.89% (Rs.7008 crore) to Rs.57,468 crore from Rs.50,460 crore.
Total number of branches in India as at 31/12/09 stood at 1702 branches. It opened 60 new branches till Q3FY10 and by Q4, hopes to open 40 more.
Indian Bank for 9Mfy10 had a total revenue of Rs.6713.05 crore and net profit of Rs.1145.03 crore. For FY09, total revenue was at Rs.6830.33 crore and net profit was at Rs.1245.32 crore. Clearly the bank will end FY10 on a much higher note, net profit is expected to be around Rs.1450 crore.