IndusInd Bank posts Q2 net profit of Rs 663.1 crore; NII grows about 13% YoY

IndusInd Bank has shown tremendous growth this year. Showcasing a splendid growth rate, the bank has achieved some great numbers. Here’s a summary:

IndusInd Bank posts Q2 net profit of Rs 663.1 crore; NII grows about 13% YoY
Net Interest Income (NII)Rs 2,909.4 CrRs. 3,278 Cr12.7% (YoY)
Quarterly Net ProfitRs. 510.39 CrRs. 663.1 Cr29.9% (QoQ)

Other Valuable Figures:

  • Total income for the quarter stood at Rs 8,731.52 crore against Rs 8,682.17 crore QoQ and Rs 8,877.53 crore YoY.
  • The bank said it had made COVID-19 provisions of Rs 952 crore in Q2.
  • The bank’s NIM stood at 4.16 percent, up by 6 bps YoY.
  • Credit growth rose 2 percent YoY and deposit growth rose 10 percent YoY. Liquidity Coverage Ratio (LCR) stood at 140 percent for the said quarter.
  • The bank said its loan growth came at 2.1 percent YoY.
  • Gross Non Performing Assets (NPA) for the said quarter stood at Rs 4,532.2 crore against Rs 5,099 crore QoQ. Gross NPA came at 2.21 percent against 2.53 percent QoQ.
  • Net NPA stood at Rs 1,055.8 crore against Rs 1,703.4 crore QoQ. Net NPA came at 0.52 percent against 0.86 percent QoQ.
  • The bank’s slippage for the said quarter came at Rs 399 crore against Rs 1,537 crore QoQ.
  • The company’s total assets stood at Rs 3,31,996.33 crore against Rs 2,94,933.29 crore YoY.

IndusInd Bank: The Right Choice for NRIs

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