The first private sector bank to declare its numbers, IndusInd Bank posted a 25% (YoY) rise in net profit at Rs.620 crore but asset quality showed a marginal drop. Gross NPA was up from 0.82% to 0.87% (QoQ) and Net NPA also rose from 0.33% to 0.36%. Provisions and contingencies also jumped 99% (YoY) to Rs.213.66 crore.

NII, which is the difference between interest earned and interest paid was up 37% at Rs.1268 crore. Other income for the quarter was up 30% at Rs.913 crore. Net Interest Margin for Q4FY16 was up 3bps to 3.94% compared to 3.91% in Q3. Advances for the quarter rose 28% to Rs.88,419.34 crore while deposits rose 25.45% to Rs.74,134.36 crore. CASA (Current Accounts- Savings Accounts) Ratio rose to 35.19%.

The company ended FY16 with a 27% rise in net profit at Rs.2286 crore and NII was up 32% at Rs.4516 crore. Total Non-interest income was at Rs. 3,296.95 crore, up 29%.

As at 31st March 2016, the bank’s branch network rose to 1,000 branches and 1,800 ATMs from 801 branches and 1,487.