The fall in net profit is mainly attributed to reversal of interest on account of restructured loans and increased provisioning against non-performing loans.
Indian Bank has reported a fall of 21 per cent in its net profit in the fourth quarter till March 2012 to Rs. 345.42 crore against Rs. 438.86 crore in the same period in the previous year.
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1 comments:
Timing is everything, the best time to refinance is when the interest rate is high on the present loan and it can be refinanced at a lower rate. I heard about www.mortgage-broker-mississauga.ca/ mortgage brokers that are able to know and cope with the changes of the rates in the market.
Just thought might help.
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