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IndusInd Bank Q4 net profit up 25% to Rs 495 crore
IndusInd Bank reported a 25 per cent increase in net profit to Rs 495 crore for the quarter ending March, 31, 2015 as against Rs 396 crore in the corresponding quarter of the previous year.
The shares of the company was seen trading at Rs 948, higher by 0.09% on BSE at 2.10 pm IST.
The bank has approved recommending of dividend at Rs. 4.00 per equity share of paid up value of Rs. 10.
Total income also rose by 19.8 percent to Rs 3,237.43 crore from Rs 2,702.19 crore.
Net Interest Margin (NIM) for the current quarter was 3.68% as against 3.67% quarter on quarter basis.
Recently, there were reports that IndusInd Bank has agreed to buy Royal Bank of Scotland's diamond and jewellery financing business in the country for an undisclosed sum.
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