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HomeBusinessIndusInd Bank Q2 net up 30pc to Rs. 560 crore

IndusInd Bank Q2 net up 30pc to Rs. 560 crore

Private sector lender IndusInd Bank on Friday posted 30.2 per cent increase in net profit at Rs. 560.04 crore for the second quarter ended September 30.

The bank had recorded a net profit of Rs. 430.20 crore in the corresponding quarter last fiscal, IndusInd Bank said in a filing to BSE.

The total income of the lender also increased to Rs. 3,581.31 crore during the quarter from Rs. 2,972.72 crore over the corresponding period of 2014-15 fiscal.

During the quarter, the gross Non-performing Assets (NPAs) decreased to 0.77 per cent from 1.08 per cent at the end of second quarter of 2014-15.

At the same time, net NPA of the bank also declined to 0.31 per cent from 0.33 per cent of the total assets.

During the first half of 2015-16, the bank clocked 27.4 per cent rise in net profit to Rs. 1,085.08 crore compared to Rs. 851.26 crore in the same period a year ago.

The bank reported a total income of Rs. 7,066.42 crore in the first six months, compared to Rs. 5,875.95 crore in the April-September period of 2014-15.

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