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IndusInd Bank Q2 Net profit up 26%

Net profit in the second quarter rose to Rs 704.26 crore from Rs 560.04 crore in the corresponding quarter last year

Nupur Anand  |  Mumbai 

IndusInd Bank reported a 26 per cent rise in net profit in the June-September quarter on the back of higher net interest income and other income. Net profit in the second quarter of this financial year rose to Rs 704.26 crore against Rs 560.04 crore in the corresponding quarter last year. Net interest income (NII), the difference between interest earned and interest expended, increased 33 per cent to Rs 1,460.31 crore. The strong NII growth also fuelled revenue growth, which improved 29 per cent. The management said the growth in NII also came on the back of improvement in the ...

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First Published: Wed, October 12 2016. 23:53 IST
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