IndusInd Bank PAT climbs 22% on strong NII growth
Financial Express Mumbai|October 19, 2023
THE NET PROFIT of IndusInd Bank rose 22% year-on-year for the July September quarter, driven by a growth in net interest income. The bank posted a net profit of ₹2,202 crore, up 4% on a sequential basis.
AJAY RAMANATHAN
IndusInd Bank PAT climbs 22% on strong NII growth

However, the number was marginally lower than ₹2,212 crore estimated by Bloomberg.

The net interest income rose 18% to ₹5,077 crore. Loans grew 21% year-on-year to ₹3.2 trillion.

Total assets expanded 12% to ₹4.8 trillion. Consumer banking comprised 55% of the loan book whereas the corporate segment was responsible for the remaining 45%.

Vehicle finance, and microfinance comprised 37% of the overall loan book.

Deposits rose 14% to ₹3.6 trillion as on September 30. Term deposits rose 20% to ₹2.2 trillion.

This story is from the October 19, 2023 edition of Financial Express Mumbai.

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This story is from the October 19, 2023 edition of Financial Express Mumbai.

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