IndusInd Bank net profit rises 26.49% to Rs 836.55 crore in Q1

IndusInd Bank has posted 26.49 per cent rise in net profit for the quarter ended June 30.

For the quarter under review, the company reported a standalone net profit of Rs 836.55 crore as against Rs compared with Rs. 661.38 crore in the same period last year crore in the same period last year.

The lender said its net interest income (NII), which is the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors, stood at Rs 1,774 crore for the quarter. This was also in line with ET Now.

IndusInd Bank's gross non-performing assets (NPAs) rose to 1.09 per cent in June quarter from 0.93 per cent in March quarter. Net NPA for the quarter came in at 0.44 per cent, compared with 0.39 per cent in the previous quarter.