Public sector bank IndusInd Bank has reported a rise of 26% in its net growth. On the basis of robust income fee and loans bank has achieved a profit of Rs 421 crore by the end of June, 2014.
Last year the profit of the bank stood at Rs 335 crore. The net interest income has increased by 18% from Rs 679 crore to Rs 801 crore. Total advances grew 24 per cent, while deposits were up 15 per cent. Hither to the Gross NPA increased by 0.05% making it to 1.11%. Credit costs are stable in corporate loans. Due to the high deposit cost the net interest margin dropped down by 0,06%. It dropped to 3.66% from 3.72%.