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IndusInd Bank reports 25.7% jump in Q2 net

By
IndusInd Bank, Financial Results

New Delhi: Private lender IndusInd Bank on Wednesday reported a 25.75 per cent YoY surge in net profit to Rs 704.26 crore for the quarter ended September 30.

The new generation bank had reported a net profit of Rs 560 crore in the corresponding quarter of last year.

Interest earned rose to Rs 3,469.30 during the second quarter against Rs 2,797.77 crore in same quarter last year.

Gross non-performing assets (NPAs) for the quarter stood at 0.9 per cent in Q2FY17 against 0.91 per cent in the Q1FY17.
On net basis, NPAs edged 0.37 per cent lower in September quarter from 0.38 per cent in June quarter.

Net interest income (NII), difference between interest earned on assets and interest paid on liabilities, jumped 335.5 per cent YoY to Rs 1,460 crore (from Rs 1,094) crore during the quarter, compared with ET Now poll of Rs 1,389 crore.

 

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