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Yesterday was a big day for the private bank ,Indusland bank.As yesterday was its quarter result which was a bang and a booster for  the other banks. It profit rose more than 30% which is a big margin.  From 330 crores to 430 crores on year on year basis.

Indusland bank is the new generation indian bank which was established in the year 1994 which was inaugurated by the Dr. Manmohan Singh, who was Finance Minister at that time.

Everyone was expecting a good result from the banking sector but the result which was shown by Indusland was magnificent.And now everyone is expecting a good result from the whole banking sector.

Its income increased to 833 crores from 700 crores which is around 19% on the basis of year on year.Other income also increased to 558 crores from 416 crores which is around 34 % and also expenses have been increased within the same period ,it rose from 528 crores to 666 crores (year on year).

Through NPA one can easily get to know the future status of the bank.  Which reduced from 1.11 to 1.08 . In terms, NPA increased from 546 crores to 654 crores . Also the provisions of the bank dropped from 110 crores to 73 crores ( year on year).

After the cracking result were announced the share touched its day high in the stock market around 13 rs. more from Friday's closing price. And each and every result estimations or polls  were crossed by a good margin. After the result ,its MD and Chief Executive said that auto sector is showing the signs of correction.  Also he added that till March 15 from October 14 will be much better for vehicles loan or finance.

Also various analysers were bullish towards it share.Like  ICICI Direct set Induslan share's target to 714 .