Indian Bank posts net loss of Rs 190 cr in Q4 on higher NPA provisioning
Indian Bank on Tuesday reported a net loss of Rs 189.77 crore in the fourth quarter of the financial year ended March 2019, as high level of bad loans required substantial amount to be kept as provisioning parking.
The bank had registered a net profit of Rs 131.98 crore during the similar January-March quarter of 2017-18. Image source: indianbank.net.in