IndusInd Bank Limited — Updates, 24-10-2024: Press Release

IndusInd Bank reported its Q2 and half-year financial results, showing a 5% YoY increase in net interest income to ₹5,347 crores. Deposits grew by 15% YoY to ₹4.12 trillion, while loans rose by 13% YoY. Net profit declined to ₹1,331 crores, reflective of increased provisions. The bank maintained a robust capital adequacy ratio of 16.51% and stable asset quality with a net NPA of 0.64%. Overall, the financial health remains solid amidst competitive market conditions.