IndusInd Bank, the private sector lender, fourth quarter profits rose 28.84% from a year ago.

The bank reported a profit of Rs 3.96 billion for the quarter ended Mar. 31, 2014, compared with Rs 3.07 billion, a year ago.

Quarterly income totaled at Rs 27.02 billion, an increase of 23.38% over Rs 21.90 billion in the same period a year ago.

Interest earned for the quarter rose 19.59% to Rs 21.79 billion, compared with Rs 18.22 billion for the prior year period.

Shares of the company gained Rs 3.05, or 0.63%, to settle at Rs 487.20. The total volume of shares traded was 413,939 at the BSE (Wednesday).