NEW DELHI: Private sector lender IndusInd Bank today posted a 24.72 per cent increase in net profit to Rs 936.25 crore for the quarter ended on December 31, 2017.The bank had recorded a net profit of Rs 750.64 crore in the October-December quarter of last fiscal.
IndusInd Bank Q3 net rises 25% to Rs 936.25 crore
Net NPAs of the bank rose to 0.46 per cent in the quarter from 0.39 per cent of the total assets.
Commenting on the performance, IndusInd Bank MD & CEO Romesh Sobti said: "The bank has continued to show a steadfast performance again in this quarter. All vectors for both topline and bottom line have progressed as per plan. We have maintained a stable quality loan book".
Its net interest margin (NIM) stood at 3.99 per cent for the current quarter as against 4 per cent in the corresponding quarter of the previous year.
Shares of IndusInd Bank were trading 0.68 per cent lower at Rs 1,723 on BSE.