Private lender IndusInd Bank Ltd on Thursday reported a 50% increase in its September-quarter net profit from a year ago due to higher net interest and other income. Net profit for the quarter stood at ₹1,383.37 crore, up 50.33%, from ₹920.25 crore a year ago. However, on a quarter-on-quarter basis, net profit declined 3.4%. According to estimates by eight Bloomberg analysts, the bank was expected to report a profit of ₹1,416.10 crore. Gross non-performing asset as a percentage of advances for the quarter stood at 2.19%, from 2.15% a quarter ago, and 1.09% a year ago.

Source: Mint October 10, 2019 09:11 UTC