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.

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