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IndusInd Bank Q2 FY16 ResultsIndusInd Bank Q2 Net Profit up by 30% at Rs.560.04 crore YoY basis | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
New Delhi, Delhi, India - Operating Profit up by 39% to Rs.1,006.53 crore YoY basis - Non Interest Income increases by 32% YoY basis - Capital Adequacy Ratio ( CAR) improves to 16.52% - Net NPA down to 0.31%
Highlights Q2 FY 2016
The Board of Directors of IndusInd Bank Ltd., today approved and adopted its Unaudited Financial Results for the second quarter and first half-year ended September 30, 2015.
Key Financials:
Key Ratios:
Performance highlights for the quarter ended September 30, 2015:
Performance highlights for the 6-month period ended September 30, 2015:
During the quarter, Bank successfully completed a Qualified Institutions Placement (QIP) issue allotting 5,12,18,640 equity shares of Rs. 10/- each at a price of Rs. 845.00 per share aggregating to Rs. 4,327.98 crores and a Preferential Allotment of 87,81,360 equity shares of Rs. 10/- each at a price of Rs.857.20 per share to the promoters aggregating to Rs. 752.74 crores.”
The Bank integrated Diamond and Jewellery financing business acquired from Royal Bank of Scotland N.V. involving takeover various assets and liabilities including an advance portfolio of Rs. 4,130.40 crores.
Commenting on the performance, Mr. Romesh Sobti, MD & CEO, IndusInd Bank said, “This quarter, the Bank has shown consistent performance in its bottom lines given the challenging times, both globally as well as in the domestic market. However, the overall industry sentiment is looking positive. Our Operating Profit rose by 39% and our NIM has grown to a healthy 3.88%. Digitisation continues to be a core area of thrust for us. We remain committed to our promise of Responsive Innovation theme with the introduction of ‘Onthego’ Social Banking which offers customers a host of banking services including transactions through social platforms like Twitter and Facebook without the necessity of downloading an additional app.”
About IndusInd Bank: IndusInd Bank, which commenced operations in 1994, caters to the needs of both consumer and corporate customers. Its technology platform supports multi-channel delivery capabilities. As on September 30, 2015, IndusInd Bank has 854 branches, and 1578 ATMs spread across 544 geographical locations of the country. The Bank also has representative offices in London, Dubai and Abu Dhabi. The Bank believes in driving its business through technology. It enjoys clearing bank status for both major stock exchanges - BSE and NSE - and major commodity exchanges in the country, including MCX, NCDEX, and NMCE. IndusInd Bank on April 1, 2013 was included in the NIFTY 50 benchmark index. Recently, IndusInd Bank ranked 13th amongst the Top 50 Most Valuable Indian Brands 2015 as per the BrandZ Top 50 rankings powered by WPP and Millward Brown. Ratings:
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Media Contact Details
Mohit Ganju
Induslnd Bank 0124-4749517 |
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