IndusInd Bank’s Q2 profit increases by 58.88%

In comparison to 2.77 percent on September 30, 2021, the GNPA was at 2.11 percent of gross advances as of September 30, 2022.

IndusInd Bank, a private sector lender, has recorded a spike in net profit of 58.88% for the quarter ended September 30, 2022, from Rs. 1146.73 crore for the quarter ended September 30, 2021 to Rs. 1, 805.28 crore.

When compared to the quarter that ended on September 30, 2021, total revenue increased by 12.93 percent to Rs. 10719.20 crores.

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Gross NPA for the quarter ended September 30, 2022, was Rs 5,567.12 crore, down from Rs 6,245.04 crore for the same quarter a year prior.

As opposed to Rs 1,771.35 crore for the quarter ended September 30, 2021, Net NPA for the quarter ended September 30, 2022 was Rs 1,583.95 crore.

In comparison to 2.77 percent on September 30, 2021, the GNPA was at 2.11 percent of gross advances as of September 30, 2022.

As of September 30, 2022, Net NPA was 0.61 percent of Gross Advances, down from 0.80% on September 30, 2021.

In comparison to Q1 FY2023, the Return on Average Assets (RoA) for Q2 FY2023 was 1.80 percent.

Total Capital Adequacy Ratio (CAR) for the Bank was 18.01 percent in Q2 FY2023, up from 17.37 percent in Q2 FY2022.