IndusInd Bank second-quarter profit rises 25 percent

Postado Outubro 13, 2017

Typically, third and fourth quarters are best for commercial vehicle loans, Sobti said.Mumbai: IndusInd Bank has reported a net profit of Rs 880 crore for the quarter ended September 2017 - an increase of 25% over Rs 704 crore in the corresponding period previous year.

According to the lending major, its net profit during the quarter under review rose to Rs 880.1 crore from Rs 704.26 crore reported for the corresponding period of last fiscal.

Gross bad loans as a percentage of total loans stood at 1.08 percent in the September quarter, compared with 1.09 percent in the June quarter and 0.90 percent a year earlier. Following are a few key takeaways from the bank's results.