IndusInd posts 24 rise in net

Mumbai, May 14: Indusind Bank posted a 24 per cent growth in its net profit to Rs 91.12 crore for 1997-98 on the back of a 44 per cent rise in its total income. The bank recorded a total income of Rs 705.87 crore in 1997-98, compared to Rs 491.17 crore the previous year. The board has recommended a dividend of Rs 2 per share of Rs 10 for 1997-98.

While the bank8217;s deposits grew to Rs 4,273.33 crore, advances grew to Rs 2,450.83 crore.