IndusInd Bank Q3 Results: PAT drops 89% YoY to Rs 161 crore; NII falls 13%
IndusInd Bank Q3 Results: IndusInd Bank's net profit saw a significant drop of 88.5% year-on-year for the December quarter. Despite this, the profit was in line with market expectations. Net interest income decreased, but net interest margins improved. The bank's balance sheet size and advances also saw a decline. Non-performing assets increased, while the provision coverage ratio improved. Capital adequacy ratios remained strong.
IndusInd Bank Q3 Results: IndusInd Bank's net profit saw a significant drop of 88.5% year-on-year for the December quarter. Despite this, the profit was in line with market expectations. Net interest income decreased, but net interest margins improved. The bank's balance sheet size and advances also saw a decline. Non-performing assets increased, while the provision coverage ratio improved. Capital adequacy ratios remained strong.
