IndusInd Bank Q2 Results: Lender posts profit of Rs 1,176 crore vs Rs 445 crore loss a year ago
In the second quarter of this fiscal year, IndusInd Bank reported a standalone net profit of Rs 1,176 crore, showcasing a remarkable turnaround from a loss of Rs 445 crore in the same quarter last year. The bank's net interest income increased by 4% year-on-year to Rs 4,569 crore, driven by enhanced asset quality, while gross...
Key Takeaways
- In the second quarter of this fiscal year, IndusInd Bank reported a standalone net profit of Rs 1,176 crore, showcasing a remarkable turnaround from a loss of Rs 445 crore in the same quarter last year.
- The bank's net interest income increased by 4% year-on-year to Rs 4,569 crore, driven by enhanced asset quality, while gross non-performing assets decreased to 2.73% of gross advances, indicating robust profitability and growth momentum.
- Full details and original dispatch available below.
In the second quarter of this fiscal year, IndusInd Bank reported a standalone net profit of Rs 1,176 crore, showcasing a remarkable turnaround from a loss of Rs 445 crore in the same quarter last year. The bank's net interest income increased by 4% year-on-year to Rs 4,569 crore, driven by enhanced asset quality, while gross non-performing assets decreased to 2.73% of gross advances, indicating robust profitability and growth momentum.
Original Publisher Attribution
This summary was curated from Economic Times.