New Delhi, Jan. 29 -- The public sector lender Indian Bank on Wednesday, January 29, posted a 34.58% year-on-year (YoY) growth in the standalone net profit for the third quarter of the financial year 2024-25 (Q3 FY25) to Rs.2852.36 crore. The profit figure stood at Rs.2119.35 crore in the same period last year.

On a quarter-on-quarter (QoQ) basis, Indian Bank's profit increased by 5.39% from Rs.2,706.44 crore posted in the September quarter of FY25.

The net interest income (NII) during the quarter under review came in at Rs.6,414.72 crore, up 10.32% from Rs.5,814.19 crore posted in Q3 FY24 and 3.55% as against Rs.6,194.22 crore posted in the preceding quarter of current fiscal.

The PSU bank witnessed an improvement in non-performing as...