IndusInd Bank Q1 net profit jumps 25% to Rs 524 cr
Mid-sized private lender IndusInd Bank reported a 25 per cent growth in net profit at Rs 524 crore for the quarter ended June 30, 2015 on the back of strong interest income and lower gross bad loans.The bank had posted a profit of Rs 421 crore in the year ago quarter.Romesh Sobti, MD & CEO of IndusInd Bank said, "Inspite of a tough operating environment, credit off-take has increased to 23 per cent."Last month, the bank raised capital of about Rs 4,400 crore through a qualified institutional placement (QIP) and is in the process to issue...
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