Foreign exchange income rose 40.5 percent to 15.2 million rupees, while other incomes which are usually made up of fee based services fell 21.1 percent to 27.5 million rupees.
Operational expenses such as wages, premises rent and depreciation costs fell 13 percent to 116.7 million rupees.
In the March quarter there was a reversal on a provision of 21.6 million rupees, while in the same quarter last year the Indian Bank had made a provision of 55.1 million rupees, its accounts showed.
Tax costs were down 6.0 percent to 140.4 million rupees.
Indian Bank's net loan book had shrunk 30.8 percent to 3.78 billion rupees.
Performing loans were down 30.7 percent to 3.78 billion rupees, while non-performing loans