You are here: Home » Companies » Results
Business Standard

IndusInd Bank Q2 net profit up 25.75% to Rs 704 crore

The total income of the lender also increased to Rs 4,439.72 crore during the quarter under review

Press Trust of India  |  New Delhi 

Image via Shutterstock
Image via Shutterstock

Private sector lender on Wednesday posted 25.75 per cent increase in net to Rs 704 crore for the second quarter ended September 30, 2016.

The bank had recorded a net of Rs 560 crore in the July-of last financial year, said in a BSE filing.

The total income of the lender also increased to Rs 4,439.72 crore during the quarter under review, as against Rs 3,581.31 crore over the corresponding period of 2015-16.

The gross non-performing assets (NPAs) of the bank increased to 0.90 per cent of the total advances, from 0.77 per cent at the end of second quarter of 2015-16.

Similarly, net rose to 0.37 per cent from 0.31 per cent of the total assets.

The bank set aside Rs 214 crore as provisions, against Rs 158 crore in the year-ago quarter.

The (NIM), the difference between the interest charged on loans and the interest paid on deposits, was 0.37 per cent in the second quarter of the current financial year against 3.97 per cent in the year-ago quarter.

The net in the first half of the current financial years rose 25.85 per cent to Rs 1,365.64 crore against Rs 1,085.05 crore in the year-ago period.

RECOMMENDED FOR YOU

IndusInd Bank Q2 net profit up 25.75% to Rs 704 crore

The total income of the lender also increased to Rs 4,439.72 crore during the quarter under review

The total income of the lender also increased to Rs 4,439.72 crore during the quarter under review
Private sector lender on Wednesday posted 25.75 per cent increase in net to Rs 704 crore for the second quarter ended September 30, 2016.

The bank had recorded a net of Rs 560 crore in the July-of last financial year, said in a BSE filing.

The total income of the lender also increased to Rs 4,439.72 crore during the quarter under review, as against Rs 3,581.31 crore over the corresponding period of 2015-16.

The gross non-performing assets (NPAs) of the bank increased to 0.90 per cent of the total advances, from 0.77 per cent at the end of second quarter of 2015-16.

Similarly, net rose to 0.37 per cent from 0.31 per cent of the total assets.

The bank set aside Rs 214 crore as provisions, against Rs 158 crore in the year-ago quarter.

The (NIM), the difference between the interest charged on loans and the interest paid on deposits, was 0.37 per cent in the second quarter of the current financial year against 3.97 per cent in the year-ago quarter.

The net in the first half of the current financial years rose 25.85 per cent to Rs 1,365.64 crore against Rs 1,085.05 crore in the year-ago period.
image
Business Standard
177 22

IndusInd Bank Q2 net profit up 25.75% to Rs 704 crore

The total income of the lender also increased to Rs 4,439.72 crore during the quarter under review

Private sector lender on Wednesday posted 25.75 per cent increase in net to Rs 704 crore for the second quarter ended September 30, 2016.

The bank had recorded a net of Rs 560 crore in the July-of last financial year, said in a BSE filing.

The total income of the lender also increased to Rs 4,439.72 crore during the quarter under review, as against Rs 3,581.31 crore over the corresponding period of 2015-16.

The gross non-performing assets (NPAs) of the bank increased to 0.90 per cent of the total advances, from 0.77 per cent at the end of second quarter of 2015-16.

Similarly, net rose to 0.37 per cent from 0.31 per cent of the total assets.

The bank set aside Rs 214 crore as provisions, against Rs 158 crore in the year-ago quarter.

The (NIM), the difference between the interest charged on loans and the interest paid on deposits, was 0.37 per cent in the second quarter of the current financial year against 3.97 per cent in the year-ago quarter.

The net in the first half of the current financial years rose 25.85 per cent to Rs 1,365.64 crore against Rs 1,085.05 crore in the year-ago period.

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard