IndusInd Financial institution Q3 revenue rises 17 per cent to Rs 2,301 crore

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IndusInd Financial institution Q3 revenue rises 17 per cent to Rs 2,301 crore

NEW DELHI: Non-public sector lender IndusInd Financial institution on Thursday posted a 17 per cent enhance in internet revenue to Rs 2,301 crore within the third quarter ended December 2023. The financial institution had recorded a internet revenue of Rs 1,964 crore within the October-December quarter final fiscal, in accordance with a regulatory submitting.
The overall earnings of the lender rose to Rs 13,968 crore throughout the quarter underneath evaluate as in opposition to Rs 11,534 crore within the year-ago interval.
The gross Non-Performing Property (NPAs) declined to 1.92 per cent of the full advances throughout the third quarter of the present fiscal as in opposition to 2.06 per cent in the identical interval a 12 months in the past.
Web NPAs of the financial institution additionally moderated to 0.57 per cent within the newest December quarter from 0.62 per cent of the full property.