IndusInd Bank Quaterly Net Profit Rises 30.5 Percent
Mumbai: Private sector IndusInd Bank reported a 30.5 percent hike in net profit at 
223.38 crore during the quarter ended March 31 against 171.16 crore in the like period of the previous financial year.
The total income stood at 1,773 crore during the quarter under review against 1,230.47 crore in the like period of 2010-11, the bank, promoted by the Hindujas, said in a regulatory filing.
Romesh Sobti, managing director and chief executive officer of the bank, said the bank's branches have grown beyond 400 and by March 2014 it will have almost 700 branches.
"We are on our way to have 650-700 branches by March 2014."
The bank has recommended a dividend of 2.20 per equity share.
At the Bombay Stock Exchange, the shares of IndusInd Bank 0.26 percent up to trade at 346.40.
Source: IANS
223.38 crore during the quarter ended March 31 against 171.16 crore in the like period of the previous financial year.
The total income stood at 1,773 crore during the quarter under review against 1,230.47 crore in the like period of 2010-11, the bank, promoted by the Hindujas, said in a regulatory filing.
Romesh Sobti, managing director and chief executive officer of the bank, said the bank's branches have grown beyond 400 and by March 2014 it will have almost 700 branches.
"We are on our way to have 650-700 branches by March 2014."
The bank has recommended a dividend of 2.20 per equity share.
At the Bombay Stock Exchange, the shares of IndusInd Bank 0.26 percent up to trade at 346.40.
