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INDUSIND NET RISES 50% TO Rs25 CRORE (up from Rs16.50 crore in quarter to 31 Dec 2001).

Asia Africa Intelligence Wire

| February 01, 2003 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From India Business Insight)

IndusInd Bank has reported a 50 percent growth in its net profit to Rs24.83 crore for the third quarter to 31 Dec 2002 from Rs16.50 crore in the quarter to 31 Dec 2001. Interest earned has increased by 13 percent to Rs181.03 crore (Rs160.38 crore in the quarter to 31 Dec 2001). Other income has risen by 110 percent to Rs56.80 crore (Rs27.10 crore). The Bank has increased its total income by 27 percent to Rs237.83 crore (Rs187.48 crore).

Its operating expenses have risen by 16 percent ...

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