New Delhi, April 29 -- State-owned lender Indian Bank announced its financial performance for the March quarter and fiscal year ended March 31 today, 29 April, during market hours, reporting steady growth in operating performance along with an improvement in asset quality.

The lender reported a net profit of Rs.3,103 crore, a 5% increase from Rs.2,956 crore in the year-ago quarter.

Net interest income (NII) - the difference between interest earned from lending and interest paid to depositors - surged 11.28% year-on-year to Rs.7,110 crore. In the corresponding quarter last year, the bank had reported NII of Rs.6,389 crore.

Pre-provision operating profit (PPOP) stood at Rs.5,285 crore in Q4 FY26, compared to Rs.5,018 crore in the corresp...