IndusInd Bank to open 20 more branches; net up to Rs 101 crore

By Our Banking Bureau | 08 Nov 2003

Visakapatnam: InduSind Bank is planning to open 20 more branches during the current financial year and the half-yearly net profit of the bank has gone up to Rs 100.87 crore from Rs 42.86 crore during the corresponding period last year.

This was stated by InduSind Bank assistant vice-president K S Sastry at a press meet at the Gajuwaka branch near here. He said it translated into an annualised earnings per share of 9.16 on an equity base of Rs 220 crore. The capital adequacy ratio of the bank stood at 17.55 per cent

He said the bank had opened 15 new branches of late and four additional extension counters, taking the total to 56 branches and 12 counters in the country. The bank had set up 32 off-site ATMs during the year, taking the total to 77.