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IndusInd Bank reports 18% yoy dip in pre-tax profits; sequentially down 76%

The lender reported a 45 per cent jump in net interest income at Rs 3,232 crore in Q4 FY20

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The net interest margin of the bank stood at 4.25 per cent in Q4FY20

4 min read Last Updated : Apr 27 2020 | 8:24 PM IST

IndusInd Bank reported an 18 per cent drop in its pre-tax profit on account of higher provisioning. The lender’s consolidated profit before tax (PBT) stood at Rs 416 crore in the quarter ending March (Q4FY20) compared to Rs 507 crore in the same period last financial year (Q4FY19). Sequentially, the PBT declined 76 per cent as in Q3FY20, the lender had reported a PBT of Rs 1,714 crore.

The net profit of the private sector lender declined 12 per cent to Rs 315 crore in Q4FY20 compared to Rs 360 crore in Q4FY1 and sequentially, the net profit declined 77 per

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