IndusInd Bank net up 21%

IndusInd Bank has reported a 21% growth in net profit for the quarter ended March 31, 2017, at Rs 751.61 crore, compared with Rs 620.35 crore in the same quarter last year.

Net interest income during the quarter grew 31% to Rs 1,667.45 crore, compared with Rs 1,268.21 crore in the fourth quarter of the previous fiscal.

Asset quality for the bank remained stable on a sequential, as well as year-on-year basis.

While gross NPAs stood at 0.93%, compared with 0.94% sequentially (Q3FY17) and 0.87% (Q4FY16), net NPAs remained unchanged sequentially at 0.39%. Net NPAs for the banks for the same quarter last year was at 0.36%.

The bank has made one-off provision of Rs 122 crore against a large corporate account classified as ‘Standard Advances’ pursuant to specific RBI advice in this regard.

Narendra Modi or Rahul Gandhi? Who will win the battle royale of the Lok Sabha Elections 2019

Get real-time news updates, views and analysis on Lok Sabha Elections 2019 on 

Like us on Facebook or follow us on Twitter and Instagram with #DHPoliticalTheatre for live updates on the Indian general elections 2019.

Liked the story?

  • 0

  • 0

  • 0

  • 0

  • 0