The first banking result of Q3 is out with IndusInd Bank reporting a 30%
increase in 3rd quarter net profit at Rs 347 Cr against Rs 267 Cr in
the corresponding quarter of the previous year. Despite an increase in bad
loans, profit rose on account of robust growth in loans and fee income. The
private sector bank logged 26% growth in net interest income at Rs 730 Cr. Other
income grew 35% to Rs 480 Cr (from Rs 356 Cr) on account of growth in fee income
(up 30%) and forex income (58%).
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