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IndusInd Bank's Q3 net profit increases 58% YoY on firm loan growth

Lower provisions boost numbers for lender; NIM maintained despite higher deposit rates

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4 min read Last Updated : Jan 18 2023 | 6:50 PM IST

Private lender IndusInd Bank on Wednesday reported a 58 per cent year-on-year (YoY) jump in consolidated net profit to Rs 1963.64 crore in October-December on the back of strong growth in net interest income. A sharp decline in provisions for bad loans also boosted the bank’s bottomline in the third quarter of the financial year.