IndusInd Bank posts profit of ₹1,242 crores in Q2; asset quality improvement and interest income drives growth
IndusInd Bank Limited posted a net profit of ₹1,242 crore for the quarter ended September, up 20% sequentially and trimming net loss of ₹437 for the same quarter in the preceding year. The bank had incurred net loss for the same period in previous year due to an increase in microfinance provisioning and write-offs. The bank’s bottom…