Mumbai, Apr 24 (UNI) Private lender IndusInd Bank Limited said on Monday that its net profit for the fourth quarter ended March 31, 2023 was Rs 2,043 crore, as compared to Rs 1,401 crore during corresponding quarter of previous year, up by46 per cent year-on-year.
Net interest margin (NIM) improved to 4.28per cent, as against 4.20 per cent during corresponding quarter of last fiscal year, a release stated here on Monday.
Net non-performing asset (NPA) ratio improved to 0.59 per cent from 0.64 per cent.
Capital Adequacy Ratio (CRAR) was at 17.86 per cent, as compared to 18.42 per cent on March31, 2022.
Net Interest Income for the year ended March 31, 2023 increased to Rs 17,592 crore, up by 17per cent from Rs 15,001 crore previous year.
Advances as of March 31, 2023 were Rs 2,89,924 crore, as against Rs 2,39,052 crore, an increase of 21 per cent over March 31, 2022.
The Board of Directors has recommended divided of Rs 14 per share for FY 2022-23, as compared to Rs 8.50 per share for 2021-22, the release added.
