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IndusInd Bank reports 27% hike in net profit for Q1 at Rs 836.5crore

IndusInd Bank has posted nearly 27 percent increase in its YoY net profit at Rs 836.5 crore for the June quarter.

It had posted a net profit of Rs 661 crore in the corresponding quarter of FY17.

The bank has said that its net interest income (NII) stood at Rs 1,774 crore for the quarter.

The gross non-performing assets (NPAs) increased to 1.09 percent in June quarter from 0.93 percent of March quarter. The provisions for the quarter stood at Rs 310 crore.

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