IndusInd Bank has reported a net profit of Rs.421.06 crore for the first quarter ended June 30, 2014, up 26 per cent as compared to Rs.334.84 crore in the corresponding quarter of the previous year. “The bank has delivered a healthy net profit growth of 26 per cent for the first quarter of the current financial year, in spite of a stagnant operating environment. The bank’s core fee income has increased by 38 per cent,” said Romesh Sobti, Managing Director & CEO, while addressing a press conference here on Wednesday. Net NPA was 0.33 per cent. Operating profit improved to Rs.749.20 crore against Rs.641.60 crore, a growth of 17 per cent. Net interest income (NII) was higher at Rs.800.66 crore against Rs.679.48 crore, a growth of 18 per cent. Net interest margin (NIM) was 3.66 per cent as against 3.72 per cent.
