IndusInd Bank Q4 Results: Net profit jumps over 45% YoY to Rs 2,043 crore; lender announces Rs 14 dividend per share
The Board has also mentioned about the payment of dividend at the rate of Rs 14 per equity share of Rs 10/each of the bank, for the financial Year 2022-23 (140%), provided there is an approval of the shareholders at the Annual General Meeting.
IndusInd Bank Q4FY23 Result: IndusInd Bank, one of the leading private banks, witnessed a jump of 46 per cent in their net profit on Monday as its profit grew by 46% YoY to Rs 2,043 crore from Rs 1,401 crore in the March quarter of last fiscal. However, gross NPAs rose to Rs 5,826.27 crore in this quarter as compared to Rs 5517.15 crore in the March 2022 quarter. In terms of percentage, gross NPAs stood at 1.98% in the last quarter against estimates of 1.94%.
The Board has also mentioned about the payment of dividend at the rate of Rs 14 per equity share of Rs 10/each of the bank, for the financial Year 2022-23 (140%), provided there is an approval of the shareholders at the Annual General Meeting.
The lender’s net interest income (NII) — or the difference between interest earned and interest paid — for the year ended March 31, 2023 increased to Rs 17,592 crores, up by 17% from Rs 15,001 crores previous year.
Also Read: GST officers detect tax evasion by offshore entities providing online betting, gambling
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 7 SIP Mutual Funds in 1 Year: What Rs 10,000, Rs 15,000, and Rs 20,000 SIPs have given in each fund
Special Live Trading Session on Saturday: Know why BSE, NSE will remain open on May 18; check timings
If you make RDs of Rs 5,000, Rs 10,000, Rs 15,000, and Rs 20,000 in post office, what will be your maturity amount?
Top 10 Mid-cap Stocks to Invest: Motilal Oswal picks Indian Hotels, Godrej Properties, and more; know target price
Atal Pension Yojana EPFO National Pension System SWP Retirement Planning schemes provide pension every month
Gold and Silver rate today (May 16, 2024): Yellow metal futures subdued; white metal hits record high breaches Rs 87,000 mark
05:32 PM IST