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'IndusInd Bank' Net Profit Up By 26 Percent
Press Release
Friday, April 20 | 04:18 PM
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Mumbai : The Board of Directors of IndusInd Bank Ltd. Approved and adopted its Audited Financial Results for the Year ended March 31, 2018.
 
Performance highlights for the Quarter ended March 31, 2018 : Net Interest Income (NII) for the quarter is Rs. 2,007.59 crores as against Rs. 1,667.45 crores in the corresponding quarter of the previous year, registering a robust growth of 20 percent. Non-Interest income for the quarter is Rs. 1,208.51 crores as against Rs. 1,211.30 crores in the corresponding quarter of the previous year. Core fee income for the quarter is Rs. 1,113.18 crores as against Rs.996.27 crores in the corresponding quarter of the previous year, marking a growth of 12 percent.

Operating Profit for the quarter is Rs. 1,769.39 crores as against Rs. 1,572.23 crores in the corresponding quarter of the previous year, showing a growth of 13 percent. Net Profit for the quarter is Rs. 953.09 crores as against Rs. 751.61 crores in the corresponding quarter of the previous year, showing a growth of 27 percent. Net Interest Margin (NIM) for the current quarter is 3.97 percent asagainst 4 percent in the corresponding quarter of the previous year. CASA (Current Accounts- Savings Accounts) Ratio improved to 44.01 percent against 36.85 percent a year ago.

Total Advances as on March 31, 2018is at Rs. 1,44,954 crores as compared to Rs. 1,13,081 crores on March 31,2017, recording a growth of 28 percent. Total Deposits as on March 31, 2018is at Rs. 1,51,639 crores as compared to Rs. 1,26,572 crores on March 31,2017, up by 20%. Total Business at Rs. 2,96,593 crores. Net NPA as on March 31, 2018is at 0.51% as against 0.39% on March 31, 2017. Increase in network to 1400 Branches and 2203 ATMs as on March 31, 2018 as against 1200 Branches and 1988 ATMs as on March 31, 2017.
 
Performance highlights for the Year ended March 31, 2018 : Net Interest Income (NII) for the Year ended March 31, 2018is Rs. 7,497.45 crores as against Rs. 6,062.60 crores the previous year, registering a robust Y-o-Y growth of 24 percent.
Non-Interest income is at Rs. 4,750.10 crores for the Year ended March 31, 2018 as against Rs. 4,176.75 crores the previous year, a growth of 14 percent. Core fee income is Rs. 4,176.75 crores for the Year ended March 31,2018 as against Rs.3,488.59 crores the previous year, marking a growth of 20 percent. Operating Profit for the Year ended March 31, 2018is Rs. 6,656.11 crores as against Rs. 5,451.01 crores the previous year, a growth of 22 percent. Net Profit for the Year ended March 31, 2018 is Rs. 3,605.99 crores as against Rs. 2,867.89 crores the previous year, showing a growth of 26 percent. Net Interest Margin (NIM) for the Year ended March 31, 2018and March 2017 is steady at 3.99 percent.
 
Commenting on the performance, Romesh Sobti, MD & CEO, IndusInd Bank said, "The year 2017-18 has been a challenging year for the banking sector. In this environment our Bank has sustained its growth story and maintained momentum in its financial numbers, which have grown steadily.”

About IndusInd Bank :
IndusInd Bank, which commenced operations in 1994, caters to the needs of both consumer and corporate customers. Its technology platform supports multi-channel delivery capabilities. As on March 31, 2018, IndusInd Bank has 1400 branches, and 2203 ATMs spread across 713 geographical locations of the country. The Bank also has representative offices in London, Dubai and Abu Dhabi. The Bank believes in driving its business through technology. It enjoys clearing bank status for both major stock exchanges - BSE and NSE - and major commodity exchanges in the country, including MCX, NCDEX, and NMCE. IndusInd Bank on April 1, 2013 was included in the NIFTY 50 benchmark index. Recently, IndusInd Bank ranked 13th amongst the Top 50 Most Valuable Indian Brands 2015 as per the BrandZ Top 50 rankings powered by WPP and Millward Brown.
 
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