Bank Stock Declares Rs 14 Per Equity Share Dividend, PAT Soars 50% YoY

IndusInd Bank on Monday declared its standalone net profit surged 50% to Rs 2040 crore for the fourth quarter ended March. The bank reported its fourth quarter net interest income (NII) at Rs 4669 crore, up 17% from Rs 3985 crore announced during the corresponding quarter of last year.

The board also recommended payment of dividend at the rate of Rs. 14 per equity share of Rs 10/- each of the bank. The last trading price of IndusInd Bank share is Rs 1102.05 per share on BSE with intraday fall of 1.24%. Check details below:

IndusInd Bank Recommends Dividend: According to the BSE filing of the company, "The Board also recommended payment of dividend at the rate of Rs.14 per equity share of Rs. 10/-each of the Bank, for the financial Year 2022-23 (140%), subject to approval of the Shareholders at the ensuing Annual General Meeting."

IndusInd Bank Stock Performance & Return: The last trading price of IndusInd Bank is Rs 1102.05 per share with intraday fall of 1.24% on BSE. The stock's 52-week high price is Rs 1275.25 per share and 52-week low price is Rs 763.75 per share, respectively. The company has a market capitalisation of Rs 85,507.53 crore. The banking stock surged 14% in last 1-year, 29% in last 2-years, and 187% in last 3-years. It witnessed a dip of 41% in last 5-years.

IndusInd Bank About: IndusInd Bank is one of India's leading financial services brand. It is the preferred banking solutions provider and partner for approximately 33 million customers across the country, including individuals, large corporations, various government entities and PSUs. Its banking network spans 2384 Branches/Banking Outlets and 2894 ATMs spread across India, covering 1,34,000 villages, and it also has representative offices in London, Dubai and Abu Dhabi, according to its official website.

Disclaimer: The bank declared its fourth quarter results and dividend on Monday. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.