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indusind bank net profit up 73 per cent at rs 1147 crore in september quarter

indusind bank net profit up 73 per cent at rs 1147 crore in september quarter
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indusind bank net profit up 73 per cent at rs 1147 crore in september quarter

 

New Delhi, Oct 27 (PTI) Private sector IndusInd Bank on Wednesday said its consolidated net profit rose 73 per cent to Rs 1,146.73 crore in the second quarter of the current fiscal. The net profit of the bank was Rs 663.08 crore during the corresponding quarter of the previous financial year.

IndusInd Bank said in a stock exchange information that its income increased to Rs 9,488.06 crore for the quarter ended September 30, 2021, from Rs 8,731.52 crore during the corresponding quarter of the previous financial year.

 

The interest income of the bank also increased to Rs 7,650.36 crore during this period. It was Rs 7,177.21 crore in the July-September quarter of the previous year.

The bank said its net profit on a standalone basis grew 72 per cent to Rs 1,113.53 crore in the quarter under review as against Rs 647.04 crore in the second quarter of the previous fiscal.

The total bad loans (gross NPAs) of the bank increased to 2.77 percent of the total debt in the July-September, 2021 quarter from 2.21 percent in the same quarter a year ago.

Net NPAs also rose to 0.80 per cent in the quarter under review from 0.52 per cent in the July-September quarter of 2020-21 a year ago.

See Also – How To Remove Bank Account From Phonepe

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