IndusInd Bank, on 18 October, announced its quarterly report for the July-September quarter. The private sector lender reported a 22% YoY increase in net profit at Rs 2202 crore for the quarter under review against the Rs 1,805 crore reported during the same period last year.

The NII (net interest income) of the bank for the current quarter is Rs 5,077 crore, which is 18% more than Rs 4,302 crore reported in the year-ago quarter.

The NIM (net interest margin) increased to 4.29%, whereas the bank’s yield on assets reached 9.69% for Q2 of the current fiscal year from the 8.65% reported in Q2 of the previous fiscal year.

The bank’s total deposit grew by 14% year-on-year to Rs 3.59 lakh crore for the quarter under review against the Rs 3.15 lakh crore reported in Q2FY24.

The CASA (current account savings account) deposit saw an upside by 6% to Rs 1.41 lakh crore, wherein the current account deposit stood at Rs 49,910 crore and the savings account deposit stood at Rs 91,527 crore.

Asset quality of the bank remained stable, wherein the Gross Non-Performing Asset ratio stood at 1.93% of gross advances as of 30 September, which is a slight improvement from 1.94% reported in the corresponding quarter of the same fiscal year.