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Khushboo Gupta

Share Market Tips- Indusind Bank Q3 Profit jumps 29%

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IndusInd Bank's net profit in the third quarter was 29.2 per cent to Rs 750.6 crore. IndusInd Bank's net profit in the same period last year was Rs 581 crore. Showing the effect of an increase in profit on bank stocks. IndusInd Bank stock in the course of business increased by 5 per cent. Share Market TipsCurrently IndusInd Bank's stock is trading at Rs 1218.-

Thus, IndusInd Bank's stock rose 5%, 29% profit increase

Interest income increased by 34.5 per cent

34.5 per cent increase in interest income in the third quarter of IndusInd bank rose to Rs 1578.4 crore. IndusInd Bank in the third quarter of fiscal 2016, interest income was Rs 1173.4 crore.

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NPAs of the bank rose –

October-December quarter, up from 0.90 percent gross NPA IndusInd Bank 0.94 per cent. IndusInd Bank's net NPAs increased to 0.37 percent, while 0.39 per cent. 

If we look at the NPAs of Rs IndusInd Bank, in the third quarter, the bank's gross NPA to Rs 971.6 crore from Rs 899 crore.

IndusInd Bank's net NPA in the October-December quarter from Rs 369.2 crore to 400.7 crore.

The bank's deposits increased by 38 per cent

38 per cent of the total deposits in the third quarter IndusInd Bank Rs 1.19 lakh crore.

SEBI Registered Company in Indore

 

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