IndusInd Bank s net loans grew 18 percent in the March quarter, outpacing a 14 percent growth in deposits. The bank also declared a dividend of Rs 16.50 per share
IndusInd Bank shares fell 2 percent in intra-day deals today, April 26, after some brokerages cut EPS (earnings per share) estimates for the private sector lender despite it posting a 15 percent jump in its March quarter (Q4FY24) net profit.
The Board of the bank also recommended a payment of dividend at the rate of Rs 14 per share subject to approval of the shareholders at the ensuing Annual General Meeting.