IndusInd Bank Q1 up by 24% at Rs 10.36 billion, asset quality falls

CASA (Current Accounts-Savings Accounts) Ratio improved to 43.42 per cent against 37.78 per cent in June 30, 2017

Private sector lender IndusInd Bank posted a 23.8 per cent rise in net profit at Rs 10.36 billion for the quarter ended June 2018 on higher income, mainly from interest, as compared with a net profit of Rs 8.36 billion in the corresponding period last year. 

“Our profitability was affected by government securities falling by up to 50 basis points during the quarter, which also affected the banking sector profitability as a whole. We also had mark-to-market losses of Rs 86 crore (Rs 860 million) and have fully provided for the same,” Romesh Sobti, chief executive and managing director, IndusInd