IndusInd Bank Q3 net profit, NPA ratio rise
The Hindu
IndusInd Bank on Saturday reported a 50% jump in its consolidated net profit at ₹1,241.55 crore in the quarter ended December 2021. The bank had posted a net profit of ₹830.41 crore in the same period
IndusInd Bank on Saturday reported a 50% jump in its consolidated net profit at ₹1,241.55 crore in the quarter ended December 2021.
The bank had posted a net profit of ₹830.41 crore in the same period a year earlier. Total income during the October-December period of 2021-22 rose to ₹9,614.34 crore as against ₹8,887.28 crore, IndusInd Bank said in a filing.
However, the lender witnessed deterioration in its asset quality as the gross non-performing assets (NPAs) rose to 2.48% of the gross advances as of December 31, 2021, from 1.74% by December 2020.
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