IndusInd Bank, the private lender, announced a noteworthy 17.3% YoY increase in standalone net profit, reaching ₹2,297.8 crore for the quarter ending December (Q3FY24). This impressive growth was attributed to a robust expansion in loans and sustained asset quality. The bank, with a total loan portfolio of ₹3.27 trillion, achieved a substantial 20% YoY growth, while deposits also saw a healthy increase of 13%.
However, the market response at 10:17 am showed IndusInd Bank’s shares trading 2.81% lower at ₹1,567.55, indicating a nuanced reaction to the bank’s Q3FY24 performance.
