IndusInd Bank reported a 17% increase in net profit to Rs 2,301 crore in Q3 FY24, driven by growth in total income and a decline in NPAs.
New Delhi, Jan 18 (PTI) 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.
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