 "IndusInd Bank Q1 net rises 26% to Rs 661 cr")
IndusInd Bank on Monday reported 26% rise in standalone net profit at Rs 661.38 crore for the first quarter ended June.
The private sector lender had made a net profit (standalone) of Rs 525.04 crore in the corresponding April-June quarter of 2015-16 fiscal.
Total income of the company increased to Rs 4,264.66 crore in the quarter under review as against Rs 3,485.11 crore in the same quarter a year ago, it said in a regulatory filing.
Net NPAs or bad loans were 0.38% of net advances during the quarter, slightly up from 0.31% in the same period last year.
Bank's provisions from bad loans and contingencies were raised to Rs 230.47 crore in the reported quarter compared with Rs 123.33 crore a year earlier.
IndusInd Bank shares were trading 0.55% down at Rs 1,120.50 on BSE during the pre-close session.
The private sector lender had made a net profit (standalone) of Rs 525.04 crore in the corresponding April-June quarter of 2015-16 fiscal.
Total income of the company increased to Rs 4,264.66 crore in the quarter under review as against Rs 3,485.11 crore in the same quarter a year ago, it said in a regulatory filing.
Also Read
On asset quality, bank's gross non-performing assets (NPAs) were 0.91% of the gross advances as of June 2016, up from 0.79% a year ago.
Net NPAs or bad loans were 0.38% of net advances during the quarter, slightly up from 0.31% in the same period last year.
Bank's provisions from bad loans and contingencies were raised to Rs 230.47 crore in the reported quarter compared with Rs 123.33 crore a year earlier.
IndusInd Bank shares were trading 0.55% down at Rs 1,120.50 on BSE during the pre-close session.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%