Comments
Shares of IndusInd Bank on Tuesday jumped nearly 2 per cent in the late morning trade after the firm registered a 46 per cent jump in its March quarter net profit at ₹2,043 crore.
The stock climbed 1.90 per cent to ₹1,123 apiece on the BSE.
The scrip also witnessed the same movement on the NSE, where it gained 1.86 per cent to ₹1,122.50.
In the late morning session, the 30-share BSE Sensex was trading 114.93 points or 0.19 per cent higher at 60,171.03 points.
On Monday, private sector lender Indusind Bank reported a 46 per cent jump in its March quarter net profit at ₹2,043 crore on a dip in provisions and stronger core income.
The core net interest income rose 17 per cent to ₹4,669 crore on a 21 per cent loan growth and a 0.08 per cent expansion in the net interest margin to 4.28 per cent, the Hindujas-promoted bank said in a regulatory filing.
Its other income came at ₹2,154 crore, up by 13 per cent when compared to the year-ago period, it added.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.