Economy
IndusInd Bank Shares Rise After Q2 Profitability Return
Livemint1h
THE BRIEF
1
IndusInd Bank shares rose over 2% on Monday after reporting a net profit of ₹1,242 crore for Q2 FY27, recovering from a net loss of ₹437 crore in the corresponding period last year.
2
Net interest income increased 4% year-on-year to ₹4,569 crore while the gross non-performing asset ratio improved to 2.73% from 3.25% in the preceding quarter.
3
Managing Director Rajiv Anand noted that mobilizing $3.51 billion through FCNR(B) deposits temporarily compressed net interest margins to 3.23%.