IndusInd Bank on Tuesday reported a consolidated net profit of Rs.1,061 crore, showing a rise of 99.2% year-on-year for the quarter ended 30 June, 2021. The lender had posted a net profit of Rs.510 crore in the year-ago period.
The bank's net interest income (NII) also rose 8% year-on-year to Rs.3,563.7 crore from Rs.3,309 crore in Q1FY21, IndusInd Bank said in a regulatory filing.The lender's total income in 7% on-year to Rs.9,356 crore.
Moreover, IndusInd Bank's asset quality deteriorated as gross non-performing a(GNPA) ratio climbed to 2.88% in Q1FY22 from 2.67% in the previous quarter (Q4FY21). Additionally, the net NPA ratio rose to 0.84% from 0.69%.
The bank's consolidated financial statement comprises statements of IndusInd Bank, Bharat Financial Inclusion Ltd (fully owned subsidiary), and IndusInd Marketing and Financial Services Pvt Ltd (associate company).
On a standalone basis, the lender's net profit jumped over two times to Rs.974.95 crore in the June 2021 quarter, compared with Rs.460.64 crore in the year-ago period.Income rose to Rs.9,355.77 crore, from Rs.8,680.92 crore a year ago, the bank said.
.jpeg)
No comments:
Post a Comment