IndusInd Bank on Saturday reported a 50% jump in its consolidated net profit at ₹1,241.55 crore for the quarter ended December 2021.
The bank had made a net profit of ₹830.41 crore in the same period a year ago. IndusInd Bank said in a filing that total income during the October-December period of 2021-22 increased to Rs 9,614.34 crore as against Rs 8,887.28 crore.
The lender, however, saw a deterioration in its asset quality, as gross non-performing assets (NPAs) rose to 2.48% of gross advances as on December 31, 2021, from 1.74% as of December 2020.
Net NPAs stood at 0.71% as against 0.22% as of December 2020.
,