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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The current value of the rupee does not merit market intervention

    The rupee, losing 40 paise per month against the dollar since May, is expected to remain under pressure till the calendar runs out on December 31, bef

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture