IndusInd Bank net up 27 %

IndusInd Bank reported a net profit of Rs.1,794 crore for the year ended March 31, 2015, against Rs.1,408 crore in the corresponding quarter of the previous year, a growth of 27 per cent. It also announced a dividend of 40 per cent against 35 per cent in the previous year. Net Interest Income (NII) was Rs.3,420.28 crore against Rs.2,890.71 crore, up 18 per cent. Total noninterest income was Rs.2,403.87 crore against Rs.1,890.53 crore, an increase by 27 per cent. “The results are in line with our estimates,” said Romesh Sobti, Managing Director and Chief Executive Officer, IndusInd Bank. Total deposits increased to Rs.74,134 crore as on March 31, 2015 from Rs.60,502 crore as on March 31, 2014, recording a growth of 23 per cent.