 "IndusInd Bank Q3 net up 30% to Rs 581 cr")
Private sector lender IndusInd Bank today posted 30% increase in net profit to Rs 581.02 crore for the third quarter ended December 31, 2015-16.
The bank had recorded net profit of Rs 447.19 crore in the October-December quarter last fiscal, IndusInd Bank said in a statement.
The total income of the lender also increased to Rs 3,766.7 crore during the quarter under review, as against Rs 3,085.9 crore over the corresponding period of 2014-15.
However, net NPAs of the bank rose to 0.33% from 0.32% of the total assets.
The bank had recorded net profit of Rs 447.19 crore in the October-December quarter last fiscal, IndusInd Bank said in a statement.
The total income of the lender also increased to Rs 3,766.7 crore during the quarter under review, as against Rs 3,085.9 crore over the corresponding period of 2014-15.
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During the third quarter of the current fiscal, the gross Non-performing Assets (NPAs) of IndusInd Bank decreased to 0.82% of the total advances, from 1.05% at the end of third quarter of 2014-15.
However, net NPAs of the bank rose to 0.33% from 0.32% of the total assets.