New Delhi, Jan. 31 -- Private lender IndusInd Bank on Friday reported 39 per cent drop in net profit at Rs 1,402 crores year-on-year basis during the Q3 of 2024-25, versus Rs 2,301 crores during corresponding quarter of previous year.
Net Interest Income for the quarter ended December 31, 2024 stood at Rs 5,228 crores as compared to Rs 5,296 crores for the quarter ended December 31,2023. Net Interest Margin for Q3 of FY25 stood at 3.93 per cent as against 4.29 per cent for Q3 of FY 24 and 4.08 per cent for Q2 of FY 25, the Bank said in a regulatory filing with the stock exchanges.
Commenting on the performance, Mr. Sumant Kathpalia, Managing Director & CEO, IndusInd Bank said "The Indian macro indicators suggest stability in economic acti...