IndusInd Bank's Net Profit Soars 17%: In a strong Q3 performance, IndusInd Bank records a 17.1% rise in net profit, reaching Rs 2,301 crore.

IHealthy Numbers: Gross NPA at 1.92%: The bank maintains robust asset quality, with the gross non-performing asset (NPA) standing at 1.92%, down from 2.06% in the same quarter last year.

Stellar Earnings and Market Response: Net Interest Income grows by 18% YoY, reaching Rs 5,296 crores. Despite strong results, shares close 1.82% down at Rs 1,613.15 apiece on BSE.

Strategic NPA Management: IndusInd Bank showcases effective NPA management, with net NPA improving to 0.57% from 0.662% YoY.

Optimal NIM: 4.29% for Q3 FY24: NIM for Q3 FY24 stands at 4.29%, reflecting stable financial performance compared to Q3 FY23 and Q2 FY24.

Strategic Vision for Growth: IndusInd Bank's CEO, Sumant Kathpalia, expresses confidence in the bank's strategy, highlighting a 20% YoY growth in the loan book and stable asset quality metrics.

Contributing to India's Growth Story: CEO Kathpalia notes IndusInd Bank's active participation in India's growing economy, emphasizing the bank's role amid global geopolitical uncertainties.

On the Path of Growth, Granularity, and Governance: Kathpalia reaffirms the bank's commitment to its strategic pillars—Growth, Granularity, and Governance—showcasing healthy capital adequacy and stability in key metrics.