IndusInd Bank's consolidated net profit jumps 57% to Rs 1,805 cr in Q2

Gross bad loans as a percentage of total loans, a measure of asset quality, eased to 2.11% at the end of September, from 2.35% at the end of June

Private sector IndusInd Bank on Wednesday reported over 57 per cent jump in its consolidated net profit at Rs 1,805.22 crore in the quarter ended September 2022.

The bank had posted a net profit of Rs 1,146.67 crore in the year-ago quarter.

Total income during July-September period of 2022-23 rose to Rs 10,719.20 crore as against Rs 9,791.65 crore in the same period of 2021-22, IndusInd Bank said in a regulatory filing.

Interest income rose by 14 per cent to Rs 8,708 crore from Rs 7,650 crore. Also, income from other sources grew to Rs 2,011 crore from Rs 1,841 crore.

The consolidated earnings