'Indusind
Bank has reported 39% dip in net profit at Rs 1401.28 crore for the
quarter ended December 2024 (Q3FY2025). The bank has posted 1% decline in net
interest income (NII), while the core fee income of the bank also declined 2%
in Q3FY2025. The Net Interest Margin (NIM) of the bank dipped to 3.93% in
Q3FY2025 compared to 4.29% in the corresponding quarter of previous year.
On business front, the bank as has posted 12% growth in business
with 12% increase in loan book. The asset quality of the bank has witnessed
pressure in Q3FY2025. Bank has witnessed increase the credit to deposit ratio
to 89.6% at end December 2024 from 88.7% at end December 2023. CASA ratio of
the bank has declined to 34.9% at end December 2024 from 38.5% at end December
2023.
Asset quality impacted by slippages of loans: The bank has witnessed pressure on asset quality in Q3FY2025.
The fresh slippages of loans stood at Rs 2200 crore in Q3FY2025
compared with 1798 cr...
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