IndusInd Bank Q4 result: PAT rises to Rs 2,349 cr on healthy loan growth

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1 min read Last Updated : Apr 25 2024 | 4:37 PM IST


India’s IndusInd Bank reported fourth-quarter profit slightly above estimates on Thursday, aided by a healthy loan growth and higher lending income.

 


The private bank posted net profit of Rs 2,347 crore ($281.7 million) for quarter ended March 31, compared to analysts’ expectations of Rs 2,324 crore as per LSEG data.

 


The bank’s net loans grew 18%, it had said in its quarterly update earlier this month, outpacing a 14% growth in deposits.

 


Net interest income – the difference between interest earned and paid – rose 15% to 53.76 billion rupees, as per Reuters calculations.

 


Gross net-performing assets ratio was at 1.92%, flat from the previous quarter.

First Published: Apr 25 2024 | 4:36 PM IST