NEWS: Fee-based income, cost cutting prop up Indian Bank net 25%.

from BUSINESS LINE, January 24, 2010 Chennai, Jan. 23 - By improving its fee-based income and cutting costs, Indian Bank reported a 25 per cent increase in net profit at Rs 441 crore during the third quarter of 2009-10 compared with same period the previous year.

Addressing a press conference, Mr M.S. Sundara Rajan, Chairman and Managing Director of Indian Bank, said that the bank was able to report profits in spite of the low credit off-take and a fall in treasury income during the third quarter. The bank has been focusing on educational loans, gold loans and small and medium enterprises where the recovery has been over 90 per cent, he said.

Although the bank's …