IndusInd Bank Q2 net up 73% to Rs 1,147 cr on steady rise in NII, fees

Net Interest Income up 12% YoY, but Net Interest Margin dipped by nine bps

Private lender IndusInd Bank’s net profit rose by 73 per cent at Rs 1,147 crore in the second quarter ended September 2021 (Q2FY22) on back of steady increase in net interest incomes and fees.  

It had posted a net profit of Rs 663 crore for Q2 Fy 21. Sequentially, it was up 13 per cent from Rs 1,016 crore in June 2021 (Q1FY22).

Sumant Kathpalia, Managing Director & CEO, said the increase in profit has come from Net interest income and fees – across streams.  

Its Net Interest Income (NII) rose by 12 per cent in the reporting quarter at