Net interest income, or the core income a bank earns by giving loans, increased 38.32% to Rs.1,356.42 crore from Rs.980.66 crore last year. Photo: MintIndusInd Bank Ltd on Monday reported a 26% increase in June quarter net profit on higher interest on loans, fees, and commissions. Net profit in the fiscal first quarter rose to Rs.661.38 crore from Rs.525.04 crore a year ago. Net interest income (NII), or the core income a bank earns by giving loans, increased 38.32% to Rs.1,356.42 crore from Rs.980.66 crore last year. Gross non-performing assets (NPAs) rose 10.8% to Rs.860.64 crore at the end of the June quarter from Rs.776.82 crore in the March quarter.

Source: Mint July 11, 2016 10:02 UTC