IndusInd Bank profit rises 75%

Private sector lender Indusind Bank on Monday posted a 75% year-on-year rise in net profit for quarter ended March at Rs172 crore against Rs98 crore last year.

Private sector lender Indusind Bank on Monday posted a 75% year-on-year rise in net profit for quarter ended March at Rs172 crore against Rs98 crore last year.

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Net Interest Income (NII) grew 42% to Rs388 crore compared to Rs273 crore in the corresponding quarter of the previous year. Total income also increased to Rs1,231 crore in the January-March quarter against R853 crore a year-ago. For 2910-11, the bank’s net profit rose 65 % to Rs577 crore.