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Indusind Bank reports 29.79% rise in Q3 net profit

10 Jan 2014 Evaluate

Indusind Bank has reported results for third quarter ended December 31, 2013.

The bank has reported 29.79% rise in its net profit at Rs 346.90 crore for the quarter as compared to Rs 267.27 crore for the same quarter in the previous year. Total income of the bank has increased by 21.67% at Rs 2623.76 crore for quarter under review as compared to Rs 2156.29 crore for the quarter ended December 31, 2012.

The bank’s gross NPA for the December 31, 2013 quarter of the current fiscal stood at 1.18%, as compared to 0.99% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 0.31% as compared to 0.30% in the same quarter of the previous year.

Peers
Company Name CMP
HDFC Bank 730.90
ICICI Bank 1314.45
Axis Bank 1221.25
Kotak Mahindra Bank 416.70
Indusind Bank 910.75
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