MoneyWorks4Me

Indusind Bank reports 30% rise in Q2 net profit

13 Oct 2014 Evaluate

Indusind Bank has reported results for second quarter ended September 30, 2014.

The bank has posted a rise of 30.27% in its net profit at Rs 430.20 crore for the quarter ended September 30, 2014 as compared to Rs 330.23 crore for the same quarter in the previous year. Total income has increased by 20.60% at Rs 2937.03 crore for quarter under review as compared to Rs 2435.30 crore for the quarter ended September 30, 2013.

Gross non-performing assets (NPAs) improved to 1.08% in the July-September quarter as against 1.11% in the same quarter previous year while net NPAs increased to 0.33%.

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
View more..