Indian Bank Q4 net up 4% at Rs 409.9 cr

Indian Bank reported a 4.03 per cent increase in its net profit at Rs 409.9 crore for the fourth quarter ended March 31,2010,over the same period last year.

Total income of the bank increased to Rs 2,317.7 crore for the quarter ended March 31,from Rs 2,148.4 crore in the same period previous fiscal,Indian Bank said in a filing to the Bombay Stock Exchange (BSE).

For the year ended March 31,2010,the bank has posted a consolidated net profit of Rs 1,569.8 crore,registering growth of 25 per cent over the same period last year.

The company has proposed a final dividend of Rs 4 per equity share,taking the total dividend for the year 2009-10 to Rs 6.50 per share.