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Our Risk is Under Control: Says IndusInd CEO Ramesh Sobti
July 17, 2017
This Tuesday, private sector IndusInd Bank reported an impressive 26.49% year-on-year growth in net profits that stood at Rs. 836.55 crores for the second quarter. The rise in the profits had a lot to do with the increase in the bank’s net interest income (NII). Plus, the operating profit of the lender also increased by 28.75% in the first quarter and stood at Rs. 1,588.53 crores.
On the improved capital adequacy, IndusInd Bank Managing Director and CEO RomeshSobti said that it’s indicative of two things- the bank’s raised Rs. 1,000 crore on additional tier-1, and that there is a reduction in the risk weight ages.
