IndusInd Bank Q3 net rises 25 per cent to Rs 936.25 crore

Postado Janeiro 12, 2018

IndusInd Bank managing director and CEO Romesh Sobti pointed out that the balance sheet size of the bank has crossed Rs 2 lakh crore for the first time.

The bank's net interest income increased by 20 per cent to Rs 1,894.81 crore from Rs 1,578.42 crore earned during the corresponding quarter of the previous year.

Its net interest margin (NIM) stood at 3.99 per cent for the current quarter as against 4 per cent in the corresponding quarter of the previous year.

The provisions for the quarter was at INR 236 crore for the third quarter. The floating provision has been considered while computing the net NPAs and provision coverage ratio (PCR). Other income was at Rs1,186.76 crore, up 16.72% from Rs1,016.80 crore a year ago.

The large-cap bank has equity capital of Rs 599.75 crore.

Asset quality for the quarter remained stable over the quarter with GNPA's advancing by 8 bps over previous quarter, while on yoy basis 24 bps increase was witnessed. We believe in "responsive innovation" as our central theme.

Operating Profit for the quarter was Rs. 1,664.69 crores as against Rs. 1,363.34 crores in thecorresponding quarter of the previous year, showing a growth of 22 %.

Net NPAs of the bank rose to 0.46 per cent in the quarter from 0.39 per cent of the total assets.

Apart from this, IndusInd Bank also spoke on it's agreement with two companies namely Bharat Financial Inclusion Limited (BFIL) and Infrastructure Leasing and Financial Services Ltd.

IndusInd Bank fell 1.37% to Rs 1,711.05 at 14:21 IST on BSE after the bank reported its Q3 December 2017 result during market hours today, 11 January 2018.