Q1FY18 Results: Indusind Bank
Rohan Takalkar / 11 Jul 2017
Indusind Bank posted its Q1FY18 results during market hours today.The bank's NII for the quarter increased 6.4 per cent QoQ to Rs.1774 crore due to increase in interest expended by 9 per cent.
Indusind Bank posted its Q1FY18 results during market hours today.
The bank's NII for the quarter increased 6.4 per cent QoQ to Rs.1774 crore due to increase in interest expended by 9 per cent.
The bank's GNPAs for the quarter increased marginally by 16bps to 1.09 per cent as against 0.93 per cent in Q4FY17.s
Its provisions for the quarter declined by 28.2% YoY to Rs 309 crore as against Rs.430 crore in Q4FY17. The reduction in provisions led to increase in net profit by 11.2 per cent QoQ to Rs.836.5 crore as compared to Rs.751 crore in Q4FY17.
The bank's capital adequacy ratio also improved to 16.18 per cent, as against 15.3 per cent in Q4FY17.
The stock closed almost flat today at Rs 1559 after opening at Rs 1568
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