IndusInd Financial institution Q3 internet revenue, NPA ratio rise

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IndusInd Financial institution on Saturday reported a 50% bounce in its consolidated internet revenue at ₹1,241.55 crore within the quarter ended December 2021.

The financial institution had posted a internet revenue of ₹830.41 crore in the identical interval a yr earlier. Complete earnings in the course of the October-December interval of 2021-22 rose to ₹9,614.34 crore as towards ₹8,887.28 crore, IndusInd Financial institution stated in a submitting.

Nevertheless, the lender witnessed deterioration in its asset high quality because the gross non-performing property (NPAs) rose to 2.48% of the gross advances as of December 31, 2021, from 1.74% by December 2020.

Web NPAs stood at 0.71% as towards 0.22% by December 2020.

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