IndusInd Bank reported a weak set of Q3 results, marked by a sharp fall in profit and pressure on core income, while asset quality metrics remained largely stable on a sequential basis.
For the third quarter, net profit declined 90% year-on-year to ₹128 crore, compared with ₹1,402 crore in the corresponding quarter last year. The decline in profitability was driven by lower net interest income and higher provisioning during the quarter.
Net Interest Income (NII) fell 12.7% year-on-year to ₹4,561.7 crore from ₹5,228 crore in Q3 of the previous financial year, indicating pressure on the bank’s core lending income.
On asset quality, the gross NPA ratio stood at 3.56% in Q3, compared with 3.60% in the previous quarter, showing a marginal sequential improvement. The net NPA ratio was reported at 1.04% on a quarter-on-quarter basis; however, the comparable figure for the previous quarter was not disclosed in the data provided.
Provisioning rose 20.2% year-on-year to ₹2,095.8 crore, up from ₹1,743.6 crore in the same quarter last year.
-
Punjab CM recalls state's sacrifices in freedom struggle, role as food bowl, sword arm
-
Delhi-NCR braces for winter rain spell, AQI in poor category
-
Today's Birthday: 27th January 2026
-
Delicious Rajasthani Black Carrot Halwa Recipe for Winter Warmth
-
If you live in a rented house, get ready to be happy! The government might give you a big gift in the budget..
