IndusInd Bank September quarter net up 22% at Rs 2,202 crore

MUMBAI: IndusInd Bank has reported a net profit of Rs 2,202 crore for the September quarter, marking a 22% increase over the net profit in the year-ago period.

The rise in net profit was propelled by an 18% increase in net interest income, which reached Rs 5,077 crore, marking an 18% year-on-year increase. As of September 30, the bank's loan book stood at Rs 3.15 lakh crore - a 21% increase over the previous year. However, deposits saw slower growth at 14%, reaching Rs 3.6 lakh crore. "We saw strong momentum in the retail segment," said Sumant Kathpalia, the bank's MD & CEO. TNN


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