IndusInd Bank Q3 net falls 37% to ₹830 cr, but asset quality improves

Provision coverage ratio improved to 87.23% in Q3FY21

Updated29 Jan 2021, 05:24 PM IST

On Friday, the bank's scrip on NSE closed 6% higher at <span class='webrupee'>₹</span>851.90 — On Friday, the bank’s scrip on NSE closed 6% higher at ₹851.90

Private lender IndusInd Bank on Friday reported 37% decline in net profit at ₹830 crore for the quarter ending 31 December, 2020. It was ₹1,310 crore in the year-ago period.

However, asset quality improved sequentially with gross NPA at 1.7% as against 2.2% in September quarter and net NPA at 0.22% versus 0.52% a quarter ago.

On Friday, the bank's scrip on NSE closed 6% higher at ₹851.90.

Provision coverage ratio improved to 87.23% in the quarter

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Business News Companies Company ResultsIndusInd Bank Q3 net falls 37% to ₹830 cr, but asset quality improves

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First Published:29 Jan 2021, 05:23 PM IST

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IndusInd Bank Q3 net falls 37% to ₹830 cr, but asset quality improves

Provision coverage ratio improved to 87.23% in Q3FY21

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