April 25, 2017 / 8:01 AM / 4 months ago

BUZZ-Indian Bank jumps to record high; Q4 profit surges

** Shares of Indian Bank jump as much 11.7 pct to a record high

** March-qtr profit more than triples to 3.20 bln rupees ($49.8 mln)

** Gross bad loans as a percentage of total loans falls to 7.47 pct at end-March, from 7.69 pct as of end-December

** Bank recommends dividend of 6 rupees per share

** More than 12.1 mln shares change hands, versus 30-day moving avg volume of 0.76 mln

** Stock has risen 29 pct this year up to Monday's close ($1 = 64.2450 Indian rupees)

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