IndusInd Bank Q2 net up 26% at Rs 704cr, provisions at Rs 214 cr

In Q2, its net non-performing assets (NPA) was at 0.37 percent versus 0.38 percent while gross NPA was at 0.90 percent versus 0.9 percent (QoQ).

IndusInd Bank   has posted a steady July-September quarter but its provisions increased. Its net profit rose 25.8 percent to Rs 704.3 crore in Q2 of FY17 from Rs 560 crore in corresponding quarter last fiscal. During the quarter, its net interest income (NII) was at Rs 1460.3 crore, up 33.5 percent on annual basis. 

In Q2, its net non-performing assets (NPA) was at 0.37 percent versus 0.38 percent while gross NPA was at 0.90 percent versus 0.9 percent (QoQ). 

Provisions, during the quarter, was at Rs 213.9 crore compared to Rs 158.1 crore on annual basis while Rs 230.5 crore on sequential basis. Return on asset in Q2 was at 1.93 percent against 1.94 percent (QoQ).

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