IndusInd Bank Q2 Net Up 30 Per cent To Rs 560 Crore

By Super
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Mumbai, Oct 9 (PTI) Private sector lender IndusInd Bank today posted 30.2 per cent increase in net profit at Rs 560.04 crore for the second quarter ended September 30.

    The bank had recorded a net profit of Rs 430.20 crore in the corresponding quarter last fiscal, IndusInd Bank said in a filing to BSE.

    IndusInd Bank Q2 Net Up 30 Per cent To Rs 560 Crore
    IndusInd Bank: Quotes, News
    BSE 1617.15BSE Quote22.6 (-1.40%)
    NSE 1618.00NSE Quote21.55 (-1.33%)
     

    The total income of the lender also increased to Rs 3,581.31 crore during the quarter from Rs 2,972.72 crore over the corresponding period of 2014-15 fiscal.

    During the quarter, the gross Non-performing Assets (NPAs) decreased to 0.77 per cent from 1.08 per cent at the end of second quarter of 2014-15.

    At the same time, net NPA of the bank also declined to 0.31 per cent from 0.33 per cent of the total assets.

    During the first half of 2015-16, the bank clocked 27.4 per cent rise in net profit to Rs 1,085.08 crore compared to Rs 851.26 crore in the same period a year ago.

    The bank reported a total income of Rs 7,066.42 crore in the first six months, compared to Rs 5,875.95 crore in the April-September period of 2014-15.

    PTI

    Read more about: indusind bank
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more