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IndusInd Bank Q4 Profit Rises

IndusInd Bank Ltd. reported fourth-quarter net profit of Rs.223.38 crore, rose from Rs.171.76 crore for the quarter ended March 31, 2011. Total income increased to Rs.1,773.07 crore from the Rs.1,230.47 crore in the corresponding quarter of the preceding year.

The bank recommended a dividend of Rs.2.20 per equity share of Rs.10 each for the fiscal year 2012. The dividend, if approved by the shareholder in the AGM, shall be paid within four days.

At the BSE, IndusInd Bank shares are being traded at Rs342.65., after touching a 52-week high of Rs.351.90 in the early trading session.

by RTTNews Staff Writer

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