IndusInd Bank Q2 net profit at Rs 704 crore; contingencies up 35%
IndusInd Banks net profit for the second quarter ended September 30, 2016 (Q2FY17) stood at Rs 704.26 crore, registering growth of 25.75% year-on-year (yoy) basis and 6.48% quarter-on-quarter (qoq).
IndusInd Bank’s net profit for the second quarter ended September 30, 2016 (Q2FY17) stood at Rs 704.26 crore, registering growth of 25.75% year-on-year (yoy) basis and 6.48% quarter-on-quarter (qoq).
The bank’s net interest income (NII) stood at Rs 1460.31 crore, rising by 33.44% yoy and 7.65% qoq.
Net Interest Margin of the bank expanded by 3 basis point to 4% in Q2FY17, compared to 3.97% in the preceding quarter.
Total income from operations registered at Rs 4439.72 crore, which was also up by 23.96% yoy and 4.10% qoq.
Provisions and contingencies was at Rs 213.88 crore in this quarter, up by 35.29% yoy but down by 7.19% qoq.
Gross non-performing asset during this period stood at 0.90%, expanding by 13 basis points yoy but contracting by 1 basis point qoq.
Total advances of IndusInd Bank was at Rs 98,949.07 crore, witnessing rise of 11.91% yoy and 26.38% qoq.
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