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Indian Bank net profit up 3% to Rs 1213 crore in Q1
The Indian Bank's operating profit stood at Rs 3,564.4 crore, representing a 4% rise over Rs 3,415.9 crore. It set aside Rs 2,219 crore as provisions and contingencies, which were 13% lower than what it did in the year-ago period. However, the bank made about 15% higher provisions at Rs 2,002 crore to cover asset quality risk.