IndusInd Bank has reported a 25% increase in net profit for the fourth quarter ended March 31, 2016 at Rs 620.35 crore compared with Rs 495.27 in the same quarter, previous fiscal. Net interest income for the bank during the quarter grew 37% to Rs 1,268.21 crore as against Rs 925.14 crore in the fourth quarter in FY 2015.
Asset quality for the bank declined marginally on a sequential as well as year-on-year basis with net non-performing assets at 0.36% in the reported quarter compared with 0.33% in Q3FY16 and 0.31% in Q4FY15. “We have continued our focus on partnerships and associations that fit nicely into our strategy of creating scale with profitability in select segments,” MD & CEO Romesh Sobti said.
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