IndusInd Bank Q1 net profit up 27% to Rs 836.5 crore

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New Delhi: On Tuesday IndusInd Bank accounted 27 per cent increase in June quarter in YoY net profit at Rs 836.5 crore, which was in line with Rs 835 crore. The lender had accounted a net profit of Rs 661.38 crore in subsequent quarter of Financial Year 2017.

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The lender further conveyed that its net interest income (NII), which is the dissimilarity between the interest incomes a bank earns from its lending activities and the interest pays to depositors stood at Rs 1,774 crore Q1.

IndusInd Bank’s gross non-performing assets (NPAs) increase to 1.09 per cent in June quarter from 0.93 per cent in March quarter. Net NPA for the Q1 reaches in at 0.44 per cent, contrast with 0.39 per cent in the preceding quarter.

Stipulation for the quarter stood at Rs 310 crore, contrast with Rs 430 crore in the March quarter and Rs 230 crore in the year-before quarter.

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