IndusInd Bank Limited — Updates, 31-01-2025: Press Release

IndusInd Bank has released its financial results for the quarter and nine months ending December 31, 2024. The Net Interest Income (NII) for Q3 FY25 fell to ₹5,228 crores, down from ₹5,296 crores in the same quarter last year. The Net Interest Margin (NIM) declined to 3.93% from 4.29% year-over-year. Net Profit for the quarter was reported at ₹1,402 crores, compared to ₹2,301 crores in the previous year.

For the nine months ending December 31, 2024, NII grew by 5% to ₹15,983 crores, while Net Profit stood at ₹4,904 crores, a decline from ₹6,628 crores the year prior. The bank's total assets increased by 12% to ₹5,49,499 crores, supported by an 11% growth in deposits. The Gross NPA ratio is at 2.25%, with a Net NPA ratio of 0.68%. The Capital Adequacy Ratio (CRAR) is reported at 16.46%.

Mr. Sumant Kathpalia, MD & CEO, noted strong retail loan growth and deposit base expansion, emphasizing the bank's capacity to benefit from ongoing economic measures. Investors should watch closely for asset quality trends, particularly in unsecured lending.