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IndusInd Bank Q3 net profit up 25% at Rs 936 crore; gross NPA stable at 1.16%

ETMarkets.com|
Updated: Jan 11, 2018, 02.57 PM IST
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Watch: IndusInd Bank Q3 net profit jumps 25 pct
Watch: IndusInd Bank Q3 net profit jumps 25 pct
NEW DELHI: Private lender IndusInd Bank on Thursday reported a 24.73 per cent year-on-year jump in net profit at Rs 936.25 crore for December quarter. The numbers came much in line with a Rs 940 crore profit estimate that analysts had arrived at in an ETNow poll.

The lender had reported net profit of Rs 750.64 crore for the corresponding quarter last year.

?The bank made provisions worth Rs 236 crore for the third quarter against Rs 294 crore in second quarter and Rs 217 crore in the year-ago quarter.

Gross non-performing assets (NPAs) rose to 1.16 per cent of total advance at the end of December quarter from 1.08 per cent in September quarter. NII for the quarter came in at Rs 1,895 crore, up 20.1 per cent over Rs 1,578 crore in the same quarter last year.

At 1.45 pm, the stock traded 1.1 per cent higher at Rs 1,711 on BSE.
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IndusInd Bank Q3 net profit jumps 30 per cent

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