Indian Bank has registered an increase of 11% in net profit, which stood at Rs 368.15 crore during the first quarter ended June 2010 as compared to Rs 331.66 during the corresponding period of 2009.

The earnings per share (EPS) of the bank increased to Rs 33.16 from Rs 29.76 in the same period of last year.

According to Basel II norm, the public sector bank has a CAR (capital adequacy ratio) of 12.50%.

It recorded an increase of 11.07% in its total income to Rs 2,477.25 crore (Rs 2,230.39 crore).

Bank's total business grew by 24% to Rs 1, 59,027 crore.

Depository income surged 24% to Rs 91,000 crore, while advances zoomed 31% to Rs 68,027 crore.

Bank's CASA deposits grew by 30% to Rs 29.750 crore.

Outstanding agriculture advances grew by 31% to cross Rs 10,000 crore.

As on June 2010, the banking institution's gross NPA was 1.45% of gross advances and the net NPA stood at 0.76%.

Besides, Indian Bank has decided to launch a division in Jaffna, Sri Lanka.

Bank chairman and managing director TM Bhasin said, "Talks are in an advanced stage at the moment."