Business Standard

IndusInd Bank net profit jumps 61% to Rs 1,631 cr in June quarter

Interest income in the June quarter rose 9.5% to Rs 8,181.77 cr as compared to the year-ago period

indusind bank

Press Trust of India New Delhi
IndusInd Bank on Wednesday reported a 60.5% jump in net profit at Rs 1,631.02 crore for the quarter ended June, mainly due to a fall in bad loans.

The private sector lender had posted a net profit of Rs 1,016.11 crore in the year-ago period.

In the first quarter of the current fiscal, the bank's total income increased to Rs 10,113.29 crore as against Rs 9,298.07 crore in the same period a year ago.

Interest income in the June quarter rose 9.5% to Rs 8,181.77 crore compared to the year-ago period, according to a regulatory filing.

The bank witnessed an improvement in its gross

(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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First Published: Jul 20 2022 | 4:30 PM IST

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