IndusInd Bank Q2 net rises 30%

MUMBAI: Private sector lender IndusInd Bank on Thursday reported a 30% growth in net profit at Rs 250.25 crore in the second quarter on the back of a good growth in fee and net interest incomes.
The bank’s total income rose 31% to Rs 2,048.42 crore during the quarter, compared to Rs 1,563 crore a year ago.
“Overall, it was a tough quarter and the situation has not improved significantly.However, we have maintained the momentum and our growth has been fueled by robust growth in fee and net interest incomes,” IndusInd Bank managing director and chief executive Romesh Sobti told reporters here.
While the bank reported a 40% rise in core fee income to Rs 296.10 crore, its net interest income (NII) increased 22% to Rs 509.7 crore during the July-September period. Similarly, non-interest income also rose 34% to Rs 320.49 crore.