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IndusInd Bank’s Profits Jump 25%, NPA 10%
January 15, 2018
Private sector IndusInd Bank said its net profits soared by 25% during the third quarter of the current fiscal on the year over year basis, and stood at Rs. 936 crores. During the same period, the non-performing assets increased by 10%, and the total income by 16.05% to Rs. 5,473 crores against Rs. 4,716 crores during the previous year.
IndusInd Bank Managing Director & CEO, Romesh Sobti, said that the bank has continued to show a steady performance again in Q3. He also said that the bank has maintained a “stable quality loan book”.
