Signals, Powered By EquityPandit
IndusInd Bank has reported a net profit of Rs.936.2 crore for the December quarter, thereby growing at 24.73% year on year. Last year, in the corresponding quarter it had reported a net profit of Rs.750.64 crore.
Net interest income increased 20% to Rs.1,895 crore YoY. Provisions for bad loans incraesed to Rs.236.2 crore from Rs.216.9 crore YoY.
Further, gross non-performing assets (NPAs) increased to 1.16% of total advance at the end of December quarter from 1.08% in September quarter.
