IndusInd Bank Q4 net up 29% at Rs 396 cr

Private sector IndusInd Bank today posted 28.8 per cent jump in its net profit at Rs 396.05 crore for the fourth quarter ended March 31, 2014.

The bank had a net profit of Rs 307.40 crore in the same quarter of the previous fiscal.

Total income of the bank rose to Rs 2,702.19 crore in the January-March quarter as compared to Rs 2,190.66 crore in the same period last year, the bank said in a BSE filing.

The bank has proposed a dividend of 35 per cent, or Rs 3.50, per share for 2013-2014.

For the entire fiscal, the bank's net profit grew by 32.7 per cent at Rs 1,408.02 crore, from Rs 1,061.18 crore in 2012-13.

Total income increased to Rs 10,144.O6 crore during the year, compared to Rs 8,346.19 crore in the previous fiscal.

However, Gross Non-Performing Assets (NPA) of the bank rose to 1.12 per cent at the end of March 2014 compared to 1.03 per cent in the previous fiscal.

The bank's scrip was trading at Rs 489.45, up 1.09 per cent on the BSE.

EDITORIAL OF THE DAY

  • The talent to make things grow big must be rewarded without a ceiling

    Executive pay has always been a hotly debated topic, mainly because it involves a lot of money.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Roopen Roy

How leaders groom future leaders

As writer Tom Peters said, “Leaders do not create followers, ...

Rajgopal Nidamboor

Pluralistic essence of our being

Our new understanding of the mind through the rapidly expanding ...

Dharmendra Khandal

Have you spotted those wasps, yet?

Wasps are insects that ride on the monsoon winds. I ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture