IndusInd Bank Q3 net profit rises 25% on year to Rs 936 crore, net NPAs spike 10% in 3 months
IndusInd Bank on Thursday reported a rise of 25% in Q3 net profit to Rs 936 crore in the October-December quarter on a yearly basis for the financial year 2017-2018 while the net NPAs (non-performing assets) saw an increase of 10% in three months. The prominent private sector lender IndusInd Bank reported a net profit of Rs 936.25 crore, up by 24.72% from Rs 750.64 crore in the the third quarter of the financial year 2016-2017. The total income of IndusInd Bank grew 16.05% to Rs 5,473.54 crore for the quarter ended 31 December 2017. The bank reported a net inc0me of Rs 4,716.13 crore in the same period a year earlier.