IndusInd Bank surges 6% on steady operational performance in Q2

In Q2FY22, IndusInd Bank's net profit rose by 73 per cent at Rs 1,147 crore on back of steady increase in net interest incomes and fees.

Shares of IndusInd Bank surged 6.4 per cent to Rs 1,214.90 on the BSE in Thursday’s intra-day trade after the bank posted steady operational performance for the quarter ended September 2021 (Q2FY22), with net interest income (NII) rising by 11.6 per cent year-on-year (YoY) and 2.7 per cent quarter-on-quarter (QoQ) to Rs 3,658 crore on the back of stable margins and sequential pick up in loan growth. Net interest margins (NIMs) for the quarter were stable at 4.07 per cent against 4.06 per cent QoQ.

At 09:28 am; the stock of private sector lender was trading 5.8 per cent