IndusInd Bank Swings to Q2 Profit of ₹1,242 Crore
The lender reported a net profit of ₹1,242 crore for the September quarter, compared with a loss of ₹437 crore a year earlier. Profit exceeded the CNBC-TV18 poll estimate of ₹1,066 crore.
Private sector lender IndusInd Bank Ltd on Friday (October 23) reported a net profit of ₹1,242 crore for the September quarter, compared with a loss of ₹437 crore in the year-ago period, beating the CNBC-TV18 poll estimate of ₹1,066 crore.Net interest income (NII), the difference between interest e…