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IndusInd Bank Q3 net up 30% at R347 cr

Net profit stood at Rs 267.27 crore in the same period last year.

New Delhi | Published: January 11, 2014 1:46:56 am

Private sector lender IndusInd Bank on Friday reported 30 per cent growth in net profit at Rs 346.90 crore in the third quarter ended December 31, 2013, on higher non-interest income. Net profit stood at Rs 267.27 crore in the same period last year.

“The third quarter, in terms of economic environment, was a mixed sort of a bag. On one hand we saw anchoring of the rupee and on other hand we saw increase in the interest rates. Overall, it was a tough operating environment but in spite of the headwinds we saw in the quarter, we have come up with very decent results,” bank’s managing director and chief executive officer Romesh Sobti told reporters here.

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