From The Economic Times · Atmadip Ray · · 50s
Indian Bank Reports Rs 1,388 Crore Gain from NSE Shares
Indian Bank gains Rs 1,388 crore from NSE shares sale, boosting treasury earnings.
In brief
Indian Bank gains Rs 1,388 crore from NSE shares sale, boosting treasury earnings. Indian Bank reported a Rs 1,388 crore gain from selling National Stock Exchange shares, increasing non-interest income by 50% quarter-on-quarter. Originally reported by The Economic Times.
Indian Bank's NSE Sale
Indian Bank reported a Rs 1,388 crore gain from selling National Stock Exchange shares.
Treasury Earnings Surge
The gain boosted non-interest income by 50% quarter-on-quarter to Rs 3,953 crore.
Pre-Divestment Holding
Indian Bank owned 0.34% of NSE before the divestment.
Post-Divestment Holding
The holding dropped to 0.28% after the divestment exercise.
Mark-to-Market Loss
The bank recorded a Rs 123 crore loss from instruments in the Held for Trading bucket.
At a glance
Indian Bank reported a Rs 1,388 crore gain from selling National Stock Exchange shares, increasing non-interest income by 50% quarter-on-quarter.
