IndusInd Bank Posts ₹1,242 Crore Q2 Profit, Reversing Year-Ago Loss
IndusInd Bank reported consolidated net profit of ₹1,242 crore for the September quarter, versus a net loss of ₹437 crore a year earlier. The report cites lower provisions, higher fee income and improved asset quality.
Story updates
04:15:02 AM UTC
SquawkNews
IndusInd Returns to Black in Q2 as Provisions Halve
Our Bureau Mumbai: IndusInd Bank reported a consolidated net profit of 1,242 crore at the end of the September quarter against a net loss of 437 crore a year earlier, helped by a sharp decline in provisions, higher fee income and an improvement in asset quality.The private sector lender's net inter…