The Hindujas-promoted IndusInd Bank managed to expand its loan book at a smart clip in 2009-10, while keeping a lid on non-performing assets (NPAs). Kicking off the earnings season for banks, the lender has reported an impressive 136 per cent jump in net profit to Rs 350 crore, while keeping net NPAs at 0.5 per cent of assets.
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Bank of Baroda (BoB) is one of the few public sector banks which showed profit growth in the third quarter, although high provisioning tempered the pace of growth. Going ahead, the bank expects to sustain the performance of the previous quarters. In an interview with Manojit Saha, the bank’s Chairman and Managing Director M D Mallya discusses the bank’s future plans and strategies.
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