Private sector lender IndusInd Bank's net profit
rose by 21 per cent to Rs 751 crore for the fourth quarter ended March 2017 on healthy net interest income
and fee income.
It had posted a net profit
of Rs 620 crore in January-March 2016 (Q4).
The net profit
for 2016-17 (FY 17) rose by 25 per cent to Rs 2,867 crore from Rs 2,286 crore for 2015-16 (FY16).
The board of bank has recommended a dividend
of Rs 6 per share for 2016-17 as against Rs 4.5 per share for 2015-16.
The net interest income
for the reporting quarter (Q4 FY 17) rose by 31 per cent Rs 1,667 crore from Rs 1,268 crore in Q4 Fy 2016.
Non-interest income rose by 33 per cent to Rs 1, 211 crore.