Mumbai: Bank Indusind on Saturday reported RS 1,161 Crore’s net profit for the end of December 2021 – increased by 36% more than Rs 852 Crore in the quarter in accordance last year.
Bank consolidated net profit grew 50% from RS 830 Crores at Q3FY21 to RS 1,242 Crores at Q3FY22.
The bank loan book reached Rs 2,28,583 Crore increased by 10% year-on-year while deposits grew 19% to Rs 2,84,484 Crore.
The current account and low-cost savings grew faster at 24% to Rs 1,19,894 Crore.
MD & CEO Sumant Kathpalia said the bank had made RS 1,662 crores from write-off which included loans on consumer portfolios and microfinance.
Indusind Bank Q3 profit rose 36% to RS 1,161 Crore
