{"id":250,"date":"2014-10-13T06:37:33","date_gmt":"2014-10-13T06:37:33","guid":{"rendered":"https:\/\/www.indusind.bank.in\/iblogs\/?p=250"},"modified":"2021-12-17T07:10:05","modified_gmt":"2021-12-17T07:10:05","slug":"press-release-q2-fy-2014-15-results","status":"publish","type":"post","link":"https:\/\/www.indusind.bank.in\/iblogs\/press-releases\/press-release-q2-fy-2014-15-results\/","title":{"rendered":"Press Release Q2 FY 2014-15 Results"},"content":{"rendered":"<h3>Highlights Q2 FY 2015<\/h3>\n<ul>\n<li>Key performance vectors stable<\/li>\n<li>Credit growth up 22%<\/li>\n<li>NIM steady at 3.63%<\/li>\n<li>Non Interest Income up by 34%<\/li>\n<li>Core Fee Income up by 31%<\/li>\n<li>Net Profit up by 30%<\/li>\n<li>Provision coverage ratio at 70.21%<\/li>\n<\/ul>\n<p>Mumbai, October 13, 2014: The Board of Directors of IndusInd Bank Ltd., today approved and adopted its Unaudited Financial Results for the second quarter and first half year ended September 30, 2014.<\/p>\n<h3>Key Financials:<\/h3>\n<p><img loading=\"lazy\" src=\"https:\/\/www.indusind.bank.in\/iblogs\/wp-content\/uploads\/Q2-FY-2014-15_1.jpg\" alt=\"Press Release Q2 FY 2014-15 Results\" width=\"670\" height=\"233\" class=\"aligncenter size-full wp-image-1671\" srcset=\"https:\/\/www.indusind.bank.in\/iblogs\/wp-content\/uploads\/Q2-FY-2014-15_1.jpg 670w, https:\/\/www.indusind.bank.in\/iblogs\/wp-content\/uploads\/Q2-FY-2014-15_1-150x52.jpg 150w, https:\/\/www.indusind.bank.in\/iblogs\/wp-content\/uploads\/Q2-FY-2014-15_1-300x104.jpg 300w\" sizes=\"(max-width: 670px) 100vw, 670px\" \/><\/p>\n<h3>Key Ratios:<\/h3>\n<p><img loading=\"lazy\" src=\"https:\/\/www.indusind.bank.in\/iblogs\/wp-content\/uploads\/Q2-FY-2014-15_2.jpg\" alt=\"Press Release Q2 FY 2014-15 Results\" width=\"433\" height=\"224\" class=\"aligncenter size-full wp-image-1672\" srcset=\"https:\/\/www.indusind.bank.in\/iblogs\/wp-content\/uploads\/Q2-FY-2014-15_2.jpg 433w, https:\/\/www.indusind.bank.in\/iblogs\/wp-content\/uploads\/Q2-FY-2014-15_2-150x78.jpg 150w, https:\/\/www.indusind.bank.in\/iblogs\/wp-content\/uploads\/Q2-FY-2014-15_2-300x155.jpg 300w\" sizes=\"(max-width: 433px) 100vw, 433px\" \/><\/p>\n<h3>Performance highlights for the quarter ended September 30, 2014:<\/h3>\n<ul>\n<li>Net  Profit  for  the  quarter  was  Rs.430.20 crore  as  against  Rs.  330.23  crore in  the  corresponding quarter of the previous year, showing a consistent growth of 30%<\/li>\n<li>Net Interest Income (NII) was Rs. 833.11 crore as compared to Rs. 699.94 crore in the corresponding quarter of the previous year, registering a growth of 19 %<\/li>\n<li>Core   Fee   Income   for  the   quarter  was   Rs.   509.30   crore   as   against   Rs.   389.48   crore   in   the corresponding quarter of the previous year, marking a sustained growth of 31 %<\/li>\n<li>Non  Interest  Income  for  the  quarter  was  Rs.  558.27  crore  as  against  Rs.  416.73  crore in  the corresponding quarter of the previous year, a growth of 34%<\/li>\n<li>Net Interest Margin (NIM) for the current quarter was 3.63 % as against 3.65 % in the corresponding quarter of the previous year<\/li>\n<\/ul>\n<h3>Performance highlights for the 6-month period ended September 30, 2014:<\/h3>\n<ul>\n<li>Net  Profit  for  the  half-year  ended  September  30,  2014  was  Rs.  851.26  crore  as  against  Rs.  665.07 crore in the corresponding period of previous year, upby 28%<\/li>\n<li>Net   Interest   Income   (NII)   was   Rs.  1633.77  crore   as   compared  to   Rs.   1379.42   crore   in  the corresponding period of the previous year, up 18%<\/li>\n<li>Core Fee Income was Rs. 995.82 crore as against Rs. 741.05 crore in the corresponding period of the previous year, showing a consistent growth of 34 %<\/li>\n<li>Non Interest Income was Rs.1134.64 crore as against Rs. 887.34 crore in the corresponding period of the previous year, up by 28 %<\/li>\n<li>The CASA (Current Accounts-Savings Accounts) ratio improved to 33.89 % against 31.76%<\/li>\n<li>Gross NPA in current Q2 is at 1.08% as against 1.11 % in the previous year Q2<\/li>\n<li>Increase  in  branch  network  from  560  Branches  and  1025  ATMs  the  previous  year  to  685  branches and 1277 ATMs this year as on 30th September, 2014<\/li>\n<li>Total Advances as on September 30, 2014 were at Rs.59,931 crore as compared to Rs. 48,968 crore in the corresponding period of the previous year, recording a growth of 22 %<\/li>\n<li>Total deposits as on September 30, 2014 were at Rs. 65,996 crore as compared to Rs. 53,058 crore in the corresponding period of the previous year, up by 24%<\/li>\n<li>Capital Adequacy Ratio as per BASEL III Capital regulations as on September 30, 2014 was 12.96 %<\/li>\n<\/ul>\n<p>Commenting  on  the  performance, Mr.  Romesh  Sobti, MD &amp; CEO, IndusInd Bank said, \u201cThis quarter,  the  Bank  has  sustained  its  growth  momentum  in  key  ratios.  The  bank  has  shown<br \/>\ngrowth  in  the  bottom  line  resulting  from  robust  improvement  in  income  streams  and  active cost management.  Digitization of business has become the central theme of the Bank and this quarter  the  bank  launched  its  first  digital  branch  at  IndusInd  Cyber  City,  Rapid  Metro  station. The  recent  revision  in  IndusInd  Bank  ratings  to  AA+  signifies  steady  improvement  in  the financial  and  operational  performance  of  IBL  and  the  positive  sentiment  among  the  investor community.\u201d<\/p>\n<h3>About IndusInd Bank<\/h3>\n<p>IndusInd  Bank,  which  commenced  operations  in  1994,  caters  to  the  needs  of  both  consumer and  corporate  customers.  Its  technology platform  supports  multi-channel  delivery<br \/>\ncapabilities. As on September 30, 2014, IndusInd Bank has 685 branches, and 1277 ATMs spread across 464 geographical locations of the country. The Bank also has representative offices in London, Dubai and Abu Dhabi. The Bank believes in driving its business through technology. It enjoys clearing bank status for both major stock exchanges -BSE and NSE -and major commodity exchanges in the country, including MCX, NCDEX, and NMCE. IndusInd Bank on April 1, 2013 was included in the  NIFTY  50  benchmark  index.  IndusInd  Bank is ranked  19th amongst the  Top  50  Most Valuable  Indian  Brands  2014  as  per  the  BrandZ  Top  50  rankings  powered by  the  WPP  and Millward Brown.<\/p>\n<h3>Ratings:<\/h3>\n<ul>\n<li>ICRA has upgraded the Bank\u2019s Lower Tier II Bonds rating from ICRA AA to ICRA AA+ and Upper Tier II Bonds rating from ICRA AA-to ICRA AA with Stable outlook.<\/li>\n<li>CARE has also upgraded IndusInd Bank\u2019s Lower Tier II Bonds rating from CARE AA to CARE AA+ .<\/li>\n<li>CRISIL has rated CRISIL A1+ for certificate of deposit program<\/li>\n<li>IND A1+ for Short Term Debt Instruments by India Ratings and Research<\/li>\n<li>IND AA for Lower Tier II subordinate debt program by India Ratings and Research<\/li>\n<li>IND AA &#8211; for Upper Tier II bond program by India Ratings and Research<\/li>\n<\/ul>\n<p>Visit us at <a href=\"https:\/\/www.indusind.bank.in\" target=\"_blank\" rel=\"noopener\">www.indusind.bank.in<\/a><\/p>\n<h3>For more details on this release, please contact:<\/h3>\n<div class=\"leftDiv\">Mohit Ganju<br \/>\nIndusInd Bank Ltd.<br \/>\n<a href=\"mailto:Mohit.ganju@indusind.com\">Mohit.ganju@indusind.com<\/a><br \/>\n0124-4749517<\/div>\n<div class=\"rightDiv\">Namita Sharma \/ Sumit Singh Jamwal<br \/>\nAdfactors PR Pvt. Ltd.<br \/>\n<a href=\"mailto:Namita.sharma@adfactorspr.com\/\">Namita.sharma@adfactorspr.com<\/a>\/<a href=\"mailto:Sumit.jamwal@adfactorspr.com\/\">Sumit.jamwal@adfactorspr.com<\/a><br \/>\n9820950663\/9920199303<\/div>\n<div class=\"rightDiv\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Highlights Q2 FY 2015 Key performance vectors stable Credit growth up 22% NIM steady at 3.63% Non Interest Income up by 34% Core Fee Income up by 31% Net Profit up by 30% Provision coverage ratio at 70.21% Mumbai, October 13, 2014: The Board of Directors of IndusInd Bank Ltd., today approved and adopted its&#8230;<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[34],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.indusind.bank.in\/iblogs\/press-releases\/press-release-q2-fy-2014-15-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Press Release Q2 FY 2014-15 Results -\" \/>\n<meta property=\"og:description\" content=\"Highlights Q2 FY 2015 Key performance vectors stable Credit growth up 22% NIM steady at 3.63% Non Interest Income up by 34% Core Fee Income up by 31% Net Profit up by 30% Provision coverage ratio at 70.21% Mumbai, October 13, 2014: The Board of Directors of IndusInd Bank Ltd., today approved and adopted its...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.indusind.bank.in\/iblogs\/press-releases\/press-release-q2-fy-2014-15-results\/\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/OfficialIndusIndBankPage?fref=ts\" \/>\n<meta property=\"article:published_time\" content=\"2014-10-13T06:37:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-12-17T07:10:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.indusind.bank.in\/iblogs\/wp-content\/uploads\/Q2-FY-2014-15_1.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@MyIndusIndBank\" \/>\n<meta name=\"twitter:site\" content=\"@MyIndusIndBank\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"5 minutes\">\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/posts\/250"}],"collection":[{"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/comments?post=250"}],"version-history":[{"count":5,"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/posts\/250\/revisions"}],"predecessor-version":[{"id":3524,"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/posts\/250\/revisions\/3524"}],"wp:attachment":[{"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/media?parent=250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/categories?post=250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/tags?post=250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}