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IndusInd Bank Q4 net up 21% at Rs 751 cr

Abhijit Lele/Mumbai 19 Apr 17 | 03:10 PM

Private sector lender IndusInd Bank's net profit rose by 21 per cent to Rs 751 crore for the fourth quarter ended March 2017 on healthy net interest income and fee income.

It had posted a net profit of Rs 620 crore in January-March 2016 (Q4).

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The net profit for 2016-17 (FY 17) rose by 25 per cent to Rs 2,867 crore from Rs 2,286 crore for 2015-16 (FY16).

The board of bank has recommended a dividend of Rs 6 per share for 2016-17 as against Rs 4.5 per share for 2015-16.

The net interest income for the reporting quarter (Q4 FY 17) rose by 31 per cent Rs 1,667 crore from Rs 1,268 crore in Q4 Fy 2016.

Non-interest income rose by 33 per cent to Rs 1, 211 crore.

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