 "IndusInd Bank Q2 profit up 30% at Rs 430 cr")
New Delhi: Private sector lender IndusInd Bank today said its standalone net profit in the secondquarter ended September, 2014-15, rose by 30.3 per cent to Rs 430.20 crore.
The bank had reported Rs 330.23 crore profit for Q2, 2013-14.
“Total income has increased from Rs 2,435.3 crore for the quarter ended September 30, 2013 to Rs 2,937.03 crore for the
quarter ended September 30, 2014,” the bank said in a filing to the BSE.
The provisions and contingencies reduced to Rs 73.20 crore in Q2, over provisioning of Rs 88.86 crore a year ago.
The net non-performing assets (NPAs) or the bad loans of the bank rose to 0.33 per cent in the second quarter of the current fiscal, over 0.22 per cent a year ago.
However, the gross NPAs declined to 1.08 per cent in Q2, over 1.11 per cent a year ago.
IndusInd Bank scrip was trading 2.41 per cent higher at Rs 638.30 in the afternoon on the BSE.
PTI