IndusInd Bank September Quarter Profit At Rs 1,383 Crore, Shares Fall 6%

INSUBCONTINENT EXCLUSIVE:
IndusInd Bank's share price fell 4.56 per cent to Rs 1,250 after the earnings announcement.IndusInd Bank on Thursday reported a net profit
IndusInd Bank shares plunged nearly 6 per cent after the earnings announcement by the bank
total advances came in at 2.19 per cent in the September quarter, as against 2.15 per cent in the previous quarter.Its net non-performing
assets as a percentage of total advances came in at 1.12 per cent as against 1.23 per cent in the June quarter.The bank's provisions for
bad loans rose to Rs 737.71 crore versus Rs 530.62 crore in the previous quarter.On the National Stock Exchange (NSE), IndusInd Bank shares
declined as much as 5.89 per cent to Rs 1,231.60 apiece after the earnings announcement
On the Bombay Stock Exchange (BSE), the IndusInd Bank stock dropped to as low as Rs 1,232.00, marking a fall of 5.92 per cent from its
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