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IndusInd Bank net up 85 p.c.

Special Correspondent

MUMBAI: IndusInd Bank has posted a net profit of Rs. 21.40 crore in the fourth quarter ended March 31, 2007, against a loss of Rs. 62.40 crore in the corresponding period in the previous year. For the 12 months ended March 31, 2007, the bank recorded a net profit of Rs. 68.22 crore against Rs. 36.82 crore in the previous year, up 85.3 per cent.

Gross income for 2006-07 was at Rs. 1,744.39 crore against Rs. 1,377.12 crore. The operating profit was Rs. 171.58 crore against Rs. 187.30 crore. The capital adequacy ratio as on March 31, 2007, was 12.54 per cent against 10.54 per cent as on March 31, 2006.

"The full year EPS works out to Rs. 2.31 against Rs. 1.27 in the previous year," said Bhaskar Ghose, Managing Director and CEO.

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