The increase in net profit is largely on account of buoyant other income. The bank's other income for the period increased by around 75 per cent during the period to Rs 144.82 crore compared to the previous year's figures of Rs 82.86 crore. However, the total income of IndusInd Bank increased by only 15 per cent to Rs 782.23 crore from Rs 676.41 crore in the previous year.

According to a senior executive of the bank: "The bank will be launching its co-branded global credit card by the beginning of next week. The bank will also be launching a separate information technology company for e-initiatives like Internet-banking and also for future launch of Internet-broking capabilities...we will enter into a strategic alliance with a leading Internet-banking technology supplier, and will launch e-commerce activities and mobile banking soon. The bank will launch its Net banking through cable television".

Provisions and contingencies has shown an increase of around 102 per cent to Rs 128.58 compared to the previous year figure of Rs 63.57 crore. Net NPA was at 5.94 per cent compared to 7.02 per cent in the previous year.

Interest expenditure has shown a increase of Rs 22.31 crore to Rs 501.12 crore for the year ended March 2000 as compared to Rs 478.81 crore for the previous year. Total expenses for the period has also shown a increase to Rs 569.65 crore compared to the previous year figure of Rs 544.98 crore.

Operating profit for the period has gone up to Rs 212.58 crore, an increase of 61.74 per cent, compared to the previous year's figure of Rs 131.43 crore. Operating expenses as a percentage of total income was at 11.54 per cent for the year ended March 31, 2000 compared to 12.88 per cent for the previous year.

Advances have shown an increase of 38.12 per cent for the period to Rs 3,677.05 crore. The bank's credit-deposit ratio was at 56.17 per cent for the period compared to 53.05 per cent for the previous year. Deposits during the period have increased by 30.44 per cent to Rs 6,545.97.