Indusind Bank has reported results for first quarter ended June 30, 2014.
The bank’s net profit for the quarter jumped by 25.75% at Rs 421.06 crore for the quarter as compared to Rs 334.84 crore for the quarter ended June 30, 2013. Bank’s total income has increased by 20.60% at Rs 2873.68 crore for the quarter under review as compared to Rs 2382.81 crore for the corresponding quarter of the previous fiscal.
The bank’s gross NPA for the April-June quarter of the current fiscal stood at 1.11%, as compared to 1.06% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 0.33% in Q1FY15 as compared to 0.21% in the same quarter of the previous year.