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Indian Bank aiming to cross Rs 1 lakh crore business transactions through digital channels
May-08-2024

Indian Bank is aiming to cross Rs 1 lakh crore business transactions through digital channels. The bank had made Rs 81,000 crore transactions through digital medium last financial year (FY24).

Meanwhile, on consolidated basis, the bank has reported 54.60% rise in its net profit at Rs 2,260.31 crore for fourth quarter ended March 31, 2024 as compared to Rs 1,462.02 crore for the same quarter in the previous year. Total income of the bank increased by 18.38% at Rs 17,065.49 crore for Q4FY24 as compared Rs 14,415.98 crore for the corresponding quarter previous year. 

Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.


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