IndusInd Bank reported a 72% year-on-year jump in consolidated Q1 net profit to Rs 1,037 crore, aided by lower provisions despite flat net interest income and weaker fee income. Asset quality improved, deposits grew, and capital adequacy strengthened, while advances declined as the lender prioritised portfolio quality and disciplined growth.

Total income rose to ₹10,938 crore during the April-June period from ₹8,866.47 crore a year earlier, the bank said in a stock exchange filing

IndusInd Bank reported a 72% year-on-year jump in consolidated Q1 net profit to Rs 1,037 crore, aided by lower provisions despite flat net interest income and weaker fee income.…

MUMBAI: IndusInd Bank reported a net profit of Rs 1,037 crore for the quarter ended June 30, up 72% from Rs 604 crore a year ago. Net interest income (NII) stood at Rs 4,685 crore…

The stock hit an intraday low of ₹1,000.60 on the NSE, down 6.4 per cent.