IndusInd Bank Q4 net up 38 pc to Rs 307.40 cr

Private sector lender IndusInd Bank on Thursday reported a 37.60 per cent growth in the net profit for its fourth quarter ended March 31, 2013 to Rs 307.40 crore as compared with Rs 223.38 crore  in the similar quarter of the previous fiscal.

During the quarter under review, its total income grew to Rs 2,190.66 crore  versus Rs 1,773.07 crore in Q4,FY12.

Net interest income (NII) grew 42.5 per cent to Rs 661 crore in January-March quarter of 2013 from Rs 431 crore in a year ago period, while net interest margin (NIM) improved 24 basis points to 3.70 per cent during the period under review.

Further, the bank at its board meeting proposed a dividend of 30 per cent 2012-13.
For the year ended March 31, 2013, the bank's net profit grew by 32 per cent at Rs 1,061.18 crore from Rs 802.61 crore in 2011-12, while total income during the year increased to Rs 8,346.19 crore as compared with Rs 6,370.98 crore in the previous fiscal.

However, Gross Non-Performing Assets (NPA) of the bank rose to 1.03 per cent at the end of March 2013 compared to 0.98 per cent in the previous fiscal.