Financial Daily from THE HINDU group of publications
Monday, Aug 01, 2005
Financial Daily from THE HINDU group of publications Monday, Aug 01, 2005 |
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Money & Banking
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Financial Performance Corporate Results - Private Banks IndusInd Bank Q1 net drops to Rs 40 crore Our Bureau
Mumbai , July 31 INDUSIND Bank Ltd has reported lower net profit of Rs 40.36 crore for the quarter ended June 30, 2005, against Rs 45.48 crore in the corresponding quarter last year. Total income increased to Rs 349.86 crore from 337.30 crore. Other income increased to Rs 76.30 (Rs 57.65 crore). Net interest income was at Rs 74 crore (Rs 92.43 crore). Capital Adequacy Ratio was at 11.08 per cent (11.62 per cent). Total advances were at Rs 8,859.79 crore (Rs 6,243.07 crore), while total deposits were at Rs 13,080.88 crore (Rs 11,272.04 crore). The Bank recovered Rs 34.87 crore of bad debts during the quarter against Rs 6.19 crore in the previous corresponding quarter.
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