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Indusind Bank reports 29% rise in Q3 net profit

13 Jan 2015 Evaluate

Indusind Bank has reported results for third quarter ended December 31, 2014.

The bank has registered a rise of 28.91% in its net profit after tax at Rs 447.19 crore for the quarter under review as compared to Rs 346.9 crore for the same quarter in the previous year. Total income of the bank has increased 16.15% at Rs 3047.7 crore for Q3FY15 as compared Rs 2623.76 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) improved to 1.05% in the October- December quarter as against 1.18% in the same quarter previous year, while net NPAs stood to 0.32%.

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
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