Indian Bank reports a Rs 1,388 crore gain from sale of NSE shares
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 declines in other income, reflecting weaker treasury earnings.
Key Takeaways
- 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 declines in other income, reflecting weaker treasury earnings.
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 declines in other income, reflecting weaker treasury earnings.
Original Publisher Attribution
This summary was curated from Economic Times.