Money & Banking

Fee, interest incomes boost IndusInd Bank profit 30% in Q2

K. Ram Kumar Mumbai | Updated on March 12, 2018 Published on October 10, 2012

Romesh Sobti (right), Managing Director & CEO, Induslnd Bank, and Paul Abraham, COO, announcing the bank's results in Mumbai on Wednesday. Photo: Shashi Ashiwal

IndusInd Bank has reported a 30 per cent increase in net profit at Rs 250 crore in the second quarter ended September 30, 2012 against Rs 193 crore in the year-ago period.

The private sector bank has reported a 30 per cent increase in net profit at Rs 486.51 crore in the half-year ended September 30, 2012 against Rs 373.27 crore in the year-ago period.

During the quarter, net interest income (the difference between interest earned and interest paid) rose 22 per cent to Rs 510 crore (Rs 419 crore). Non-interest income was up 34 per cent at Rs 320 crore (Rs 239 crore).

Net interest margin for the current quarter was a tad lower at 3.25 per cent against 3.35 per cent in the corresponding quarter of the previous year.

IndusInd Bank scrip was trading at Rs 357.90 per share, down 2.40 per cent from the previous close.

Published on October 10, 2012
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