IndusInd Q4 net up 26% at Rs 9.5 bn; divergence seen with RBI on NPA data

IndusInd Bank's net profit rose 26 per cent for the quarter ending March. It also saw a big divergence with the Reserve Bank of India's own estimate for its non-performing assets (NPAs).

Net profit rose to Rs 9.5 billion, compared with Rs 7.5 bn in the same quarter a year before. The divergence between the bank's NPA accounting and that of the central bank was Rs 10.54 bn, of which nearly Rs 5.2 bn pertains to a cement account that was repaid in July 2017. The total impact of these divergences to the gross NPA figure was Rs 1.86 bn.

Gross NPAs,