Mid-sized private sector lender Indusind Bank is keen on acquiring new credit card customers
The stock rallied 6% to Rs 1,231 on BSE in intra-day trade
Net profit in the second quarter rose to Rs 704.26 crore from Rs 560.04 crore in the corresponding quarter last year
The total income of the lender also increased to Rs 4,439.72 crore during the quarter under review
Bank will be able to actively offer products such as ECBs to customers in an area where it had limited capabilities so far
While gross NPA ratio touches 0.91% in the June quarter, strong earnings growth provides comfort
Total income of the company increased to Rs 4,264.66 crore in the quarter under review
The stock touched record high of Rs 1,014, up 3% on the National Stock Exchange.
Net profit increased by 27% to Rs 2,286.45 crore as compared to Rs 1,793.72 crore in FY15
Bad loans slightly high in March quarter, but other metrics meet Street expectations
For entire 2015-16 fiscal, bank's net profit rose 27.5% to Rs 2,286.45 cr as against Rs 1,793.72 cr a year ago