IndusInd Bank Q2FY22 Results: Profit jumps 73% to Rs 1146 cr YoY, asset quality improves – check details here
IndusInd Bank reported robust second-quarter earnings for the financial year 2021-22 (Q2FY22) on a year-on-year (YoY) basis in both profit and net interest income (NII) terms.
Private sector lender IndusInd Bank reported robust second-quarter earnings for the financial year 2021-22 (Q2FY22) on a year-on-year (YoY) basis in both profit and net interest income (NII) terms, as well as the bank’s asset quality too improved sequentially on a consolidated basis.
Index heavyweight’s profit surged almost 73 per cent to Rs 1146.7 crore in Q2FY22 as compared to 663.1 crore in the same quarter a year-ago period. Similarly, NII grew nearly 12 per cent to Rs 3658.4 crore in the second quarter of FY22 as against Rs 3278 crore in the corresponding quarter in FY21.
The bank’s asset quality improved too as gross non-performing assets (NPA) came at 2.77 per cent versus 2.88 per cent quarter-on-quarter (QoQ) and net NPA stood at 0.80 per cent versus 0.84 per cent sequentially, IndusInd Bank said in its earning statement.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Tata Motors, Muthoot Finance and 3 more: Axis Direct recommends buying these stocks for 2 weeks; check targets, stop losses
07:13 PM IST