IndusInd Bank has reported nearly 42 per cent rise in net profit at Rs 334.84 crore for the first quarter ended June 30.
The private sector lender had posted net profit of Rs 236.26 crore during the same period (April-June) in the last fiscal, it said in a filing to the Bombay Stock Exchange.
Total income of the bank also rose to Rs 2,382.81 crore during the April-June period of 2013-14, from Rs 1,950.82 crore in the year-ago period.
Gross non-performing assets (NPAs) or the bad loans of the bank in the first quarter rose to 1.06 per cent from 0.97 per cent a year earlier.
However, net NPAs of the bank came down to 0.21 per cent during the quarter under review from 0.27 per cent year ago.