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
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
IRCTC Dividend 2024: Railway PSU announces 200% interim dividend - Check record date and other details
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
07:13 PM IST