 "IndusInd Bank Q3 net up 30% to Rs 581 cr")
Private sector lender IndusInd Bank today posted 30% increase in net profit to Rs 581.02 crore for the third quarter ended December 31, 2015-16.
The bank had recorded net profit of Rs 447.19 crore in the October-December quarter last fiscal, IndusInd Bank said in a statement.
The total income of the lender also increased to Rs 3,766.7 crore during the quarter under review, as against Rs 3,085.9 crore over the corresponding period of 2014-15.
However, net NPAs of the bank rose to 0.33% from 0.32% of the total assets.
The bank had recorded net profit of Rs 447.19 crore in the October-December quarter last fiscal, IndusInd Bank said in a statement.
The total income of the lender also increased to Rs 3,766.7 crore during the quarter under review, as against Rs 3,085.9 crore over the corresponding period of 2014-15.
Also Read
During the third quarter of the current fiscal, the gross Non-performing Assets (NPAs) of IndusInd Bank decreased to 0.82% of the total advances, from 1.05% at the end of third quarter of 2014-15.
However, net NPAs of the bank rose to 0.33% from 0.32% of the total assets.
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%