IndusInd Bank Q3 net profit jumps 50%, but asset quality worsens
IndusInd Bank on Saturday reported a 50 per cent jump in its consolidated net profit at Rs 1,241.55 crore in the quarter ended December 2021.
The bank had posted a net profit of Rs 830.41 crore in the same period a year ago.
Total income of the bank during the October-December period of 2021-22 rose to Rs 9,614.34 crore as against Rs 8,887.28 crore, IndusInd Bank said in a regulatory filing.
However, the lender witnessed deterioration in its asset quality as the gross non-performing assets (NPAs) rose to 2.48 per cent of the gross advances as of December 31, 2021 from 1.74 per cent in December 2020.
Net NPAs stood at 0.71 per cent as against 0.22 per cent in December 2020.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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