Private sector lender IndusInd Bank on Wednesday reported a 73 per cent rise in its consolidated net profit to Rs.1,146.73 crore for the second quarter ended September 30. It had posted a net profit of Rs.663.08 crore in the year-ago period.
Total income during the July-September quarter rose to Rs.9,488.06 crore from Rs.8,731.52 crore a year ago, IndusInd Bank said in a regulatory filing.
Interest income moved up at Rs.7,650.36 crore from Rs.7,177.21 crore.
On a standalone basis, the net profit increased by 72% to Rs.1,113.53 crore from Rs.647.04 crore. And the total income rose to Rs.9,487.56 crore against Rs.8,731.05 crore.
Bank's provisions for bad loans and contingencies fell to Rs.1,703.36 crore for the quarter from Rs.1,964.44 crore reserved for the year-ago period.
However, there was an uptick in the bank's gross bad loan proportion at 2.77 per cent of gross advances as of September 30, 2021, against 2.21 per cent a year earlier.
Net NPAs too increased to 0.80 per cent from 0.52 per cent.
The annualised return on asset (RoA) stood at 1.26 per cent compared with 1.12 per cent in the preceding quarter of this fiscal and 0.83 per cent in the same quarter last fiscal.
.jpeg)
No comments:
Post a Comment