Leading public sector lender Indian Bank has announced its financial results for the third quarter of the current financial year. The bank posted 14 per cent increase in net profit which stands at Rs 350.70 crore as compared to Rs 307.50 in the same period last quarter.

Its total income increased to Rs 2071.37 crore as compared to Rs 1676.00 crore in previous quarter.

The bank said in a filing before BSE, "The additional segments of corporate banking and retail banking have been included for the quarter and for the nine months ended
31 December; 2008. The figures for the quarter and nine months ended 31 December, 2007 are not reclassified and therefore not comparable."

Indian Bank reported a net profit at Rs 851.25 crore and a total income of Rs 5,717.30 crore for the first nine months of current financial year.

The shares of Indian Bank increased 4 per cent and closed at Rs 129.45 on the Bombay Stock Exchange.