Indusind Bank Q1 net down 80%

Indusind Bank today reported a 80% decline in net profit at Rs 8.01 crore for the first quarter ended June 30, 2006 when compared with Rs 40.36 crore in Q1FY06.

According to a release issued by the bank to the BSE today, total income increased to Rs 390.14 crore from Rs 349.86 crore in Q1FY06.