July 2019 \ Business & Investment \ QUARTERLY LEDGER
Q1 Rs 1,433 crore profit for IndusInd

Private lender IndusInd Bank ...

  • Mr Romesh Sobti

Private lender IndusInd Bank on Wednesday reported a 38 per cent increase in its net profit for the first quarter (Q1) of 2019-20. Accordingly, the bank’s net profit during the quarter under review rose to Rs 1,433 crore from Rs 1,036 crore in the corresponding period of last fiscal.

IndusInd Bank’s MD and CEO Romesh Sobti said: “We have begun the first quarter of this financial year on a positive note, as we have successfully completed the merger with BFIL. During this quarter, the bank has witnessed healthy growth in its top line as well as in operating profits and will now push forward into the subsequent quarters basis our strong belief in new opportunities, especially in rural India,” he added.


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