The lender's asset quality improved in Q1FY27.Private sector lender IndusInd Bank on July 22 reported 47% jump in standalone net profit at Rs 1,003 crore for the quarter ended June 30, 2026, helped by a drop in funds set aside for potential bad loans.
It reported standalone net profit of Rs 684 crore in the year-ago period.The lender's asset quality improved in Q1FY27.Gross NPA and Net NPA ratios were at 3.25% and 0.95% in Q1FY27 as compared to 3.64% and 1.12%, respectively, in Q1FY26.
Net Interest Income (NII) in Q1 FY27 is at Rs 4,685 crore as compared to Rs 4,640 crore in Q1FY26, a rise of 1%. Net interest margin was at 3.57% for Q1FY27 as compared to 3.46% for Q1FY26.
IndusInd's loans rose 3.3% from the previous quarter, marking the first sequential increase in six quarters. However, they were still down 2.3% from a year earlier.
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