IndusInd Bank Q4 net up 25% at Rs 620 cr; Asset Quality Falls
IndusInd Bank's net profit rose 25 percent to Rs 620 crore in the January-March quarter from Rs 495.3 crore in year-ago period. During the period, its net interest income (NII) increased 37 percent to Rs 1268.2 crore from Rs 925.1 crore on annual basis. According to a CNBC-TV18 poll, the private sector lender was expected to report profit up 27 percent year-on-year at Rs 629.2 crore. Net interest income is seen going up 33 percent to Rs 1,230.6 crore in Q4. Its asset quality fell in Q4, with gross non-performing assets at 0.87 percent versus 0.82 percent and net NPA at 0.36 percent versus 0.33 percent (QoQ). Its provisions, in Q4, was at Rs 213.6 crore against Rs 177 crore
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