Indian Bank reports a Rs 1,388 crore gain from sale of NSE shares

What happened: Indian Bank reported a Rs 1,388 crore gain from the sale of NSE shares, tied to the NSE listing. Key numbers: Rs 1,388 crore gain. Non-interest income rose 50% to Rs 3,953 crore in the second quarter. Rs 123 crore in mark-to-market losses. Why it matters: The one-time gain offset pressure from rising bond yields. Canara Bank and UCO Bank posted declines in other income, reflecting weaker treasury earnings.

Indian Bank reported a Rs 1,388 crore gain from the sale of NSE shares, tied to the NSE listing.

The one-time gain offset pressure from rising bond yields. Canara Bank and UCO Bank posted declines in other income, reflecting weaker treasury earnings.