Indian Bank reports Rs 1,388 crore gain from sale of NSE shares
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
Indian Bank gained Rs 1,388 crore from the NSE listing, boosting second-quarter non-interest income by 50% to Rs 3,953 crore. The one-time gain offset pressure from rising bond yields, despite Rs 123 crore in mark-to-market losses. Meanwhile, Canara Bank and UCO Bank reported…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe one-time gain supports quarterly results, though bond losses weigh on earnings.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Indian Bank gained Rs 1,388 crore from the NSE listing.
- 02Second-quarter non-interest income rose 50% to Rs 3,953 crore.
- 03Canara Bank and UCO Bank reported lower other income.