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Private lender IndusInd Bank on Wednesday reported a 58 per cent year-on-year (YoY) jump in consolidated net profit to Rs 1963.64 crore in October-December on the back of strong growth in net interest income.
A sharp decline in provisions for bad loans also boosted the bank’s bottomline in the third quarter of the financial year.
Sequentially, the bank’s net profit registered a growth of 9 per cent from Rs 1805.28 crore in July-September.
On a standalone basis, IndusInd Bank’s net profit surged 69 per cent YoY to Rs 1959.20 crore in October-December.
For the quarter under
A sharp decline in provisions for bad loans also boosted the bank’s bottomline in the third quarter of the financial year.
Sequentially, the bank’s net profit registered a growth of 9 per cent from Rs 1805.28 crore in July-September.
On a standalone basis, IndusInd Bank’s net profit surged 69 per cent YoY to Rs 1959.20 crore in October-December.
For the quarter under
