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IndusInd Bank Q1 net up 26.5% at Rs 837 cr; gross NPAs rise

The bank's net profit in the corresponding April-June quarter of 2016-17 stood at Rs 661.38 crore

Press Trust of India  |  New Delhi 

IndusInd Bank
IndusInd Bank

Private sector lender has reported an increase of 26.5 per cent in at Rs 836.55 crore in the first quarter of the current fiscal.

The bank's in the corresponding April-June quarter of 2016-17 stood at Rs 661.38 crore.


Total of the lender rose by 21.5 per cent to Rs 5,302.77 crore as against Rs 4,363.57 crore in the year-ago period, the said in a regulatory filing.

On asset front, there was an uptick in the bank's gross non-performing assets (NPAs) at 1.09 per cent of the gross advances as on June 2017 compared to 0.91 per cent in the same period a year ago.

Net or bad loans, as a percentage of net advances, were 0.44 per cent as against 0.38 per cent, a year ago.

The private sector lender put aside Rs 309.97 crore to cover and contingencies for April-June quarter of 2017-18, higher from Rs 230.47 crore parked for the similar quarter of 2016-17.

Stock of the was trading 0.30 per cent higher at Rs 1,564.45 apiece on BSE.

(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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