IndusInd Bank Q3 net profit up 30% to Rs 581 crore

MUMBAI: Private sector lender IndusInd Bank today posted 30 per cent increase in net profit to Rs 581.02 crore for the third quarter ended December 31, 2015-16.

The bank had recorded net profit of Rs 447.19 crore in the October-December quarter last fiscal, IndusInd Bank said in a statement.

The total income of the lender also increased to Rs 3,766.7 crore during the quarter under review, as against Rs 3,085.9 crore over the corresponding period of 2014-15.

During the third quarter of the current fiscal, the gross Non-performing Assets (NPAs) of IndusInd Bank decreased to 0.82 per cent of the total advances, from 1.05 per cent at the end of third quarter of 2014-15.

However, net NPAs of the bank rose to 0.33 per cent from 0.32 per cent of the total assets.