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IndusInd Bank share price rises 6% after Q2 profit jumps 72%

Net interest income, the difference between interest earned and interest expended, grew by 11.6 percent to Rs 3,658.40 crore from the year-ago quarter.

October 28, 2021 / 10:19 AM IST
 
 
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IndusInd Bank share price added 6 percent intraday on October 28 a day after the company posted robust numbers for the quarter ended September 2021.

Private sector lender IndusInd Bank on October 27 reported a 72.1 percent year-on-year (YoY) growth in standalone profit at Rs 1,114 crore in the quarter ended September 2021, with a drop in bad loans provisions and non-performing assets (NPAs). Higher other income and operating profit also supported profitability.

Standalone profit in the corresponding period of the last fiscal was at Rs 647.04 crore.

Net interest income, the difference between interest earned and interest expended, grew by 11.6 percent to Rs 3,658.40 crore from the year-ago quarter.