• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Port Info

• Ships in Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai , Jan. 28

INDUSIND Bank has recorded a 44 per cent dip in net profit in the third quarter ended December 31,2004 to Rs 42.85 crore from Rs 77.09 crore in the same period the previous year.

"The performance of the bank for the current year reflects a positive shift in income streams. The bank has improved its spread and quantum through core-banking operations and has reduced its earlier reliance on treasury gains," said a press release.

During the third quarter, the bank's treasury profits were lower at Rs 9.81 crore (Rs 67.33 crore) while from other banking operations were higher at Rs 78.99 crore (Rs 56.30 crore).

Net interest income was at Rs 101.18 crore (Rs 55.55 crore) while fee income grew to Rs 7.91 crore (Rs 5.48 crore). Total income was at Rs 317.60 crore (Rs 259.41 crore).

Advances as on December 31,2004 were at Rs 7,374.17 crore (net of securitisation) while total deposits at the end of the quarter were at Rs 11,023.03 crore.

Capital adequacy ratio of the bank was at 12.73 per cent (13.17 per cent).

"We have been growing our loan book on the retail side. Net of the securitisation, our retail book now comprises 41 per cent of the total loan book," said the release quoting Mr Bhasker Ghosh, Managing Director and CEO, IndusInd Bank.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Rupee firms up; securities rise

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line