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IndusInd Bank posts 11.76 billion-rupee quarterly profit
Reuters reported Friday that India's IndusInd Bank returned to a second-quarter profit of 11.76 billion rupees, above an LSEG consensus, after a year-earlier loss, citing loan growth and a lower bad-loan ratio.
- New headline Was: “India's IndusInd Bank beats profit estimate on loan growth, asset quality boost”
- Our desk filed its story
Based on reporting by Reuters
IndusInd Bank Ltd. reported a net profit of 11.76 billion rupees ($123.9 million) for the quarter ended Sept. 30, compared with a loss of 4.45 billion rupees a year earlier, Reuters reported Friday from Bengaluru1.
The figure was above a 9.65 billion-rupee profit estimate compiled by LSEG, the news agency said1. It attributed the result to loan growth and improving asset quality1.
Advances rose 11.2% from a year earlier and deposits rose 10.1%, returning both to double-digit growth after accounting issues in the bank's derivatives book became public in March 2025, according to Reuters1. The bank raised $3.51 billion under a Reserve Bank of India foreign-currency deposit scheme that the report said Indian banks used to raise nearly $133 billion1.
Net interest income rose 4% to 45.69 billion rupees, Reuters said1. The gross non-performing asset ratio was 2.73% at the end of September, versus 3.25% in the prior quarter and 3.60% a year earlier1. The agency said the bank has tightened underwriting after higher bad loans in unsecured lending1.