IndusInd Bank Q3 profit rises 36% to Rs 1,161 crore

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MUMBAI: IndusInd Bank on Saturday reported a net profit of Rs 1,161 crore for the quarter ending December 2021 — an increase of 36% over Rs 852 crore over the corresponding quarter last year.
The bank’s consolidated net profit grew 50% from Rs 830 crores in Q3FY21 to Rs 1,242 crores in Q3FY22. The bank’s loan book stood at Rs 2,28,583 crore an increase of 10% year-on-year while deposits grew 19% to Rs 2,84,484 crore.
The low-cost current and savings account grew faster at 24% to Rs 1,19,894 crore. MD & CEO Sumant Kathpalia said the bank has made Rs 1,662 crore of write-offs which included loans on consumer and microfinance portfolios.

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