IndusInd Bank’s Q4\'18 Net Profit up by 27% at Rs 953.09 cr

IndusInd Bank has recorded Net Interest Income (NII) of Rs. 2,007.59 crores for the fourth quarter ended March 31, 2018 as against Rs. 1,667.45 crores in the corresponding quarter of the previous year, registering a robust growth of 20%. The Non-Interest income for the quarter is Rs. 1,208.51 crores as against Rs. 1,211.30 crores in the corresponding quarter of the previous year. The Core fee income for the quarter is Rs. 1,113.18 crores as against Rs. 996.27 crores in the corresponding quarter of the previous year, marking a growth of 12% and Operating Profit for the quarter is Rs. 1,769.39 crores as against Rs. 1,572.23 crores in the corresponding quarter of the previous year, showing a growth of 13%. The Net Profit for the quarter is Rs. 953.09 crores as against Rs. 751.61 crores in the corresponding quarter of the previous year, showing a growth of 27%. Total Deposits as on March 31, 2018 is at Rs. 1,51,639 crores as compared to Rs. 1,26,572 crores on March 31,2017, up by 20%. Total Business is at Rs. 2,96,593 crores. Commenting on the performance,  Romesh Sobti, MD & CEO, IndusInd Bank said, "The year 2017-18 has been a challenging year for the banking sector. In this environment our Bank has sustained its growth story and maintained momentum in its financial numbers, which have grown steadily.”