Indusind Bank
The private sector bank posted a good set of numbers for Q4FY15 with a 25% rise in net profit at Rs.495 crore and this was mainly on the back of higher other income or non-interest income, which rose 26%. The 29% rise in fee income was a contributing factor. Its net interest income (difference between income earned on interest and expended) was at Rs.925 crore, up 18%. Net Interest Margin (NIM) for the quarter was at 3.68% v/s 3.67% in Q3.
In terms of asset quality, there was an improvement. Gross NPA declined to 0.81% from 1.05% and net NPA was at 0.31% v/s 0.32% (QoQ). Provision for bad loans fell 11% (YoY) but was up 10% (QoQ) at Rs.107 crore. Total Deposits increased to Rs.74,134 crore from Rs. 60,502 crore (YoY), up 23% and total advances at end of FY15 was at Rs.68,788 crore, up 25%. CASA improved to 34.13% as against 32.55 % (YoY). The full year Basic EPS works out to Rs 33.99 as against Rs. 26.85 in the previous year.
As at 31st March 2015, the Bank had 801 branches compared to 602 branches in FY14. The Bank’s ATMs increased to 1487 from 1110 ATMs in the previous year.