INDUSIND BANK

Indusind bank is trading at Rs.784.00,up 32.65 points of 4.21% on National /stock /exchange(NSE).

Overall asset quality performance of the Bank was encouraging as gross non-performing assets (NPA) and net NPA ratio declined by 32 bps and 34 bps to 2.21 per cent and 0.52 per cent, respectively in the September Quarter (Q2FY21).

For the quarter ended September 30, 2020, the Bank earned Total Income (Interest Income and Fee Income) of Rs. 8,732 crore as compared to Rs. 8,878 crore for the corresponding quarter of previous year.

Net Interest Income for the quarter ended September 30, 2020 increased to Rs. 3,278 crore from Rs. 2,909 crore for the quarter ended September 30, 2019. Net Interest Margin for Q2FY21 at 4.16%.

For the quarter ended September 30, 2020, Total expenditure (Interest expended and Operating expenses) reduced to Rs. 5,880 crore as compared to Rs. 6,254 crore for the corresponding quarter of previous year.

Market Capitalisation of the company was at Rs.61,697.52crore.It touched 52 week high of Rs.1596.35 and low of Rs.235.60.