IndusInd Bank today reported its fourth quarterly results for FY20 with net profit slumping 16% to Rs. 301.84 crore as against Rs. 360.10 crore in the previous ended quarter.
Net interest income (NII) at the bank stood at Rs. 3231 crore.
IndusInd Bank Q4FY20 Net Profit Falls 16%; Asset Quality Declines
Gross NPA during the quarter surged to Rs. 5146.74 crore as against Rs. 4578.43 in the preceding quarter.
During the quarter, the bank made provision of Rs. 260 crore on account of Covid 19.
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