Private sector lender IndusInd Bank today reported an over three-fold rise in its net profit at Rs 50.52 crore for the fourth quarter ended March 31, 2009.     

The bank had a net profit of Rs 14.45 crore for the quarter ended March 2008, IndusInd Bank said in a filing to the Bombay Stock Exchange.     

For the year ended March 31, 2009, the company has posted a net profit of Rs 148.34 crore from Rs 75.05 crore last year, up 97.65 per cent.     

The board of the company has proposed a dividend of Rs 1.20 a share on Rs 10 face value.     

Shares of IndusInd Bank were trading at Rs 47.95, up 8.85 per cent on the BSE.

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