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IndusInd Bank Q3 Results: The lender s net interest income for the December quarter rose 15% to Rs 5,296 crore. Other income during the third quarter increased 15% YoY to Rs 2,396 crore against Rs 2,076 crore in the corresponding quarter of the previous year. ....
Net interest income, the difference between interest earned and interest expended, rose 18% on year to Rs 5,077 crore. Provisions for the quarter was Rs 974 crore, compared with Rs 1,141 crore a year ago. ....
Gross bad loans stood at 1.93% of total advances, down 1 basis point sequentially. Its net NPA ratio was at 0.57%, down 1 basis point from the June quarter ....
On the strength of solid loan growth, better interest income, enhanced margin, and good asset quality, the bank is anticipated to announce strong results for the quarter., Markets News, Times Now ....