IndusInd Bank net profit rises by 27.39 percent

Mumbai-based IndusInd Bank on Thursday said its net profit for the period April 2014 to March 2015 soared by 27.39 percent at Rs.1,793.72 crore against the profit of Rs.1,408.02 crore during the 2013-2014 fiscal.

Its revenues for the period under review rose by 19.24 percent at Rs.12,095.84 crore compared to Rs.10,144.06 crore earned during the previous fiscal, the bank said.

Retail banking business surged past 17 percent generating Rs.6,448.31 crore compared to the earning of Rs.5,474.49 crore during 2013-14 fiscal, while the revenue from the corporate and wholesale banking vertical went north by 9.59 percent at Rs.4,025.50 crore compared to Rs.3,672.96 crore during 2013-14 fiscal.

The deposits in the bank increased by 22.53 percent at Rs.74,134.36 crore in 2014-15 against Rs.60,502.28 crore in the corresponding fiscal year while borrowings during 2014-15 increased by 39.67 percent at Rs.20,618.06 crore against Rs.14,761.96 crore the year ago.