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MUMBAI: IndusInd Bank has reported a net profit of Rs 2,202 crore for the September quarter, up 22% over net profit in the same period a year ago.
The increase in net profit was driven by an 18% increase in net interest income, which reached Rs 5,077 crore, marking an increase of 18% year-on-year. As of September 30, the bank’s loan book stood at Rs 3.15 lakh crore – an increase of 21% over the previous year. However, deposits saw slower growth at 14% and reached Rs 3.6 lakh crore. “We saw strong momentum in the retail segment,” he said Sumant Kathpalia, the bank’s managing director and CEO. TNN
The increase in net profit was driven by an 18% increase in net interest income, which reached Rs 5,077 crore, marking an increase of 18% year-on-year. As of September 30, the bank’s loan book stood at Rs 3.15 lakh crore – an increase of 21% over the previous year. However, deposits saw slower growth at 14% and reached Rs 3.6 lakh crore. “We saw strong momentum in the retail segment,” he said Sumant Kathpalia, the bank’s managing director and CEO. TNN
