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IndusInd Bank Q3 net profit rises by 5 pc to Rs 985 cr

Press Trust of India  |  New Delhi 

Wednesday posted a marginal 5.2 per cent increase in net profit to Rs 985.03 crore for the third quarter ended December 31, 2018.

The had recorded a net profit of Rs 936.25 crore in the October-December quarter of last fiscal.

Total income of the lender also increased to Rs 7,232.32 crore during the October-December 2018 as against Rs 5,473.54 crore over the corresponding period of the previous fiscal, said in a regulatory filing.

The gross non-performing assets (NPAs) declined to 1.13 per cent of the total advances during the third quarter of the current fiscal, against 1.16 per cent at the end of third quarter.

However, net NPAs of the bank rose to 0.59 per cent in the quarter from 0.46 per cent of the total assets.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 09 2019. 15:25 IST