IndusInd Bank profit up

BS 200 SCORECARD

IndusInd Bank total income was up at Rs 349.86 crore as against Rs 337.3 crore in the corresponding quarter of the previous financial year, in the unaudited financial results announced today.

The interest income of the bank has gone down to Rs 273.56 crore as against Rs 279.65 crore last year but the operating profit has come down to Rs 22.41 crore as against Rs 88.91 crore in the corresponding period last year.

The bank has recovered Rs 34.87 crore of bad debts during the quarter as against Rs 6.19 crore in the previous year.

Bhasker Ghose, managing director & chief executive officer, said: "The core business of the bank has grown inspite of pressure owing to the lag effect of interest rate changes on the lending and deposit fronts."