Tuesday , 25 June 2019
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IndusInd Bank reports 5% rise in Q3 net profit

IndusInd Bank reports 5% rise in Q3 net profit

IndusInd Bank has reported results for third quarter ended December 31, 2018.

The Bank has reported 5.21% rise in its net profit at Rs 985.03 crore for the quarter under review as compared to Rs 936.25 crore for the same quarter in the previous year. Total income of the Bank increased by 32.13% at Rs 7232.32 crore for Q3FY19 as compared Rs 5473.54 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the October-December quarter of the current fiscal improved to 1.13%, as compared to 1.16% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 0.59% in Q3FY19.

IndusInd Bank is as one of the fastest-growing banks in the banking sector in India.

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