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This is an archive article published on July 10, 2013

IndusInd Bank Q1 net profit up 42 pct at Rs 335 cr

Gross non-performing assets NPAs or bad loans of IndusInd Bank in quarter rose to 1.

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IndusInd Bank today reported nearly 42 per cent rise in net profit at Rs 334.84 crore for the first quarter ended June 30.

The private sector lender had posted net profit of Rs 236.26 crore during the same period April-June in the last fiscal,it said in a filing to the BSE.

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Total income of the bank also rose to Rs 2,382.81 crore during the April-June period of 2013-14,from Rs 1,950.82 crore in the year-ago period.

Gross non-performing assets NPAs or the bad loans of the bank in the first quarter rose to 1.06 per cent from 0.97 per cent a year earlier.

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However,net NPAs of the bank came down to 0.21 per cent during the quarter under review from 0.27 per cent year ago.

Shares of IndusInd Bank were trading at Rs 491.85 apiece on the BSE in late afternoon trade,down 2.02 per cent from their previous close.

 

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