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NEW DELHI: Private sector lender IndusInd Bank on Thursday posted a 17 per cent increase in net profit to Rs 2,301 crore in the third quarter ended December 2023. The bank had recorded a net profit of Rs 1,964 crore in the October-December quarter last fiscal, according to a regulatory filing.
The total income of the lender rose to Rs 13,968 crore during the quarter under review as against Rs 11,534 crore in the year-ago period.
The gross Non-Performing Assets (NPAs) declined to 1.92 per cent of the total advances during the third quarter of the current fiscal as against 2.06 per cent in the same period a year ago.
Net NPAs of the bank also moderated to 0.57 per cent in the latest December quarter from 0.62 per cent of the total assets.
The total income of the lender rose to Rs 13,968 crore during the quarter under review as against Rs 11,534 crore in the year-ago period.
The gross Non-Performing Assets (NPAs) declined to 1.92 per cent of the total advances during the third quarter of the current fiscal as against 2.06 per cent in the same period a year ago.
Net NPAs of the bank also moderated to 0.57 per cent in the latest December quarter from 0.62 per cent of the total assets.
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