IndusInd Bank registers lowering of profit by 62 pc in Q4
New Delhi, May 22 (UNI) Private lendor IndusInd Bank on Wednesday posted 62 per cent decline at Rs 360 crore in January-March quarter of fiscal year 2018-19 against Rs 953 crore in the corresponding quarter of previous year.
The net profit also lowered by 8 per cent at Rs 3,301 crore y-o-y in financial year 2018-19 as against Rs 3606 crore in 2017-18, the Bank said while announcing its quarterly and financial year results.
The Net Interest Income (NII) for the quarter is Rs 2,232 crore as against Rs 2,008 crores in the corresponding quarter of the previous year, registering a growth of 11 per cent.
For the year ended March 31, 2019, the NII is Rs 8,846 crore as against Rs 7,497 crore the previous year, registering a robust Y-o-Y growth of 18 per cent.
The Core fee income for the quarter also up by 27 per cent at Rs 1,419 crore as against Rs 1,113 crores in the corresponding quarter of the previous year.
Operating Profit for the quarter is Rs 2,068 crore as against Rs 1,769 crore in the corresponding quarter of the previous year, showing a growth of 17 per cent.
The Bank’s net NPA as on March 31, 2019 stood at 1.21 per cent as against 0.51 per cent on March 31, 2018.
The Current Accounts-Savings Accounts(CASA) ratio was recorded at 43.14 per cent against 44.01 per cent a year ago.
Total deposits as on March 31, 2019 is at Rs 1,94,868 crore as compared to Rs 1,51,639 crore on March 31,2018, up by 29 per cent. Total business was at Rs 3,81,261 crore in the year.
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