The counter rose to a high of Rs 1,242 on the National Stock Exchange, as against the previous close of Rs 1,142.55.
For the quarter under review, IndusInd Bank’s interest earned climbed 6.59 per cent on a yearly basis to Rs 7,650.36.
The bank’s provisions and contingencies declined to Rs 1,703.36 crore in the July-September quarter from Rs 1,844.02 crore in the previous quarter and Rs 1,964.44 crore over the same period last year.
As on September 30, the gross non-performing asset (GNPA) ratio was at 2.77 per cent, higher than 2.21 per cent a year ago but lower than 2.88 per cent on a sequential basis.
The bank’s loan book rose by 10 per cent to Rs 2.21 lakh crore in Q2, which also included a 7 per cent growth in corporate loans as the lender completed a shift in business away from high-risk advances.
According to the top management, IndusInd Bank is confident of increasing the loan book by 14-16 per cent in the current financial year, led mainly by core loans including vehicle finance, microfinance and the diamond finance business.
