IndusInd net jumps 25% on vehicle loan demand

The company plans to use excess margin from retail loans to subsidise good quality corporate book

Private sector lender IndusInd Bank’s second-quarter net profit rose 25 per cent over the previous year quarter. 

The bank’s net profit rose to Rs  880 crore in the quarter ended September, compared with Rs 704 crore in the year-ago quarter. The bank's net interest income, or the interest earned minus interest expended, rose 25 per cent on a year-on-year basis. 

The net interest margin, the difference between the yield on advances and cost of fund, was flat at 4 per cent. The company plans to maintain this NIM and use excess margin from retail loans to subsidise good quality corporate