NSE CODE : INDUSINDBK Rec Price : 141.35 Indusind Bank’s corporate ambition is to reposition itself as a ‘Top 3’ performer among new generation private sector banks in 3 years, measured by Profi tability, Productivity & Efficiency. Indusind Bank’s deposits grew by 16.14% and advances rose by 23.25%, despite the unsettled situation in the international financial markets coupled with slowdown in economic growth in India. The Operating Profit (before depreciation and provisions and contingencies) during the year under review improved to Rs.412.42 crores as against Rs.236.35 crores in the previous year, a rise of 74.50%. Bank’s Net Profit, after considering necessary provisions and contingencies and all expenses, was higher by 97.65% at Rs.148.34 crores as against Rs.75.05 crores in the previous year. Bank has received the highest rating “A1+” for Certificate of Deposits from ICRA Ltd., while CRISIL Ltd. has assigned the highest rating of “P1+” for Certificate of Deposits as
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