IndusInd Bank Q2 net up 30% to Rs 560 crore

Mumbai: Private sector lender IndusInd Bank on Friday posted 30.2 percent increase in net profit at Rs 560.04 crore for the second quarter ended September 30.

The bank had recorded a net profit of Rs 430.20 crore in the corresponding quarter last fiscal, IndusInd Bank said in a filing to BSE.

The total income of the lender also increased to Rs 3,581.31 crore during the quarter from Rs 2,972.72 crore over the corresponding period of 2014-15 fiscal.

During the quarter, the gross Non-performing Assets (NPAs) decreased to 0.77 percent from 1.08 percent at the end of second quarter of 2014-15.

At the same time, net NPA of the bank also declined to 0.31 percent from 0.33 percent of the total assets.

During the first half of 2015-16, the bank clocked 27.4 percent rise in net profit to Rs 1,085.08 crore compared to Rs 851.26 crore in the same period a year ago.

The bank reported a total income of Rs 7,066.42 crore in the first six months, compared to Rs 5,875.95 crore in the April-September period of 2014-15.