WPI inflation dropped to a new low of (-) 2.65 per cent in April, mainly on account of decline in prices of fuel and manufactured items even as food prices increased. It has been in the negative zone since November, 2014. Inflation was (-)2.33 per cent in March2015 and In April last year, it was 5.55 per cent.
Indian Bank's net profit declined 24% to Rs 206.15 crore on 4.14% growth in total income to Rs 4410.48 crore in Q4 March 2015 over Q4 March 2014. The bank's ratio of net non-performing assets to net advances declined to 2.5% as on 31 March 2015 compared with 2.74% as on 31 December 2014.