During the period under review, the bank’s net interest income showed a 80 per cent jump to Rs 167.37 crore as compared with Rs 92.94 crore during the corresponding period last year.
The bank ascribes the growth in NII to higher yield on advances and also to lower cost of deposits. Commenting on the results, IndusInd Bank, MD & Chief Executive Officer, Romesh Sobti said the non-performing assets (NPAs) of the bank improved significantly.
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