IndusInd Bank October-December quarter net profit up 32% at Rs 1,300 cr; gross NPAs rise to 2.18%

Firstpost: PTI: January 15, 2020

Private sector lender IndusInd Bank on Tuesday posted 32 percent rise in net profit to Rs 1,300.20 crore for December quarter, 2019-20.

The bank had registered a profit of Rs 985.03 crore in the year-ago period.

Total income during the period under review increased to Rs 9,073.93 crore from Rs 7,232.32 crore in the third quarter of the previous fiscal, IndusInd Bank said in a regulatory filing.

Gross non-performing assets (NPAs) rose to 2.18 percent of the total advances at the end of December quarter of the current fiscal as against 1.13 percent by the end of same period a year ago.

Net NPAs increased to 1.05 percent in the quarter from 0.59 percent of the total assets in the year-ago period.

IndusInd Bank stock was trading at Rs 1,528.80, down 0.76 percent, on the BSE.

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