Total income increased to Rs 13,530 crore during the quarter under review, as against Rs 10,719 crore in the same period last year, IndusInd Bank said in a regulatory filing.
The bank earned an interest income of Rs 11,248 crore during the quarter, as compared to Rs 8,708 crore in the same period a year ago.
On the asset quality front, the lender reported an improvement as gross non-performing assets (NPAs or bad loans) fell to 1.93% of gross advances as of September 2023 from 2.11% by the year-ago same period.
Likewise, net NPAs came down to 0.57% from 0.61%.
As a result, provisions (other than tax) contingencies declined to Rs 974 crore as compared to Rs 1,141 crore in the same quarter a year ago.
The Capital Adequacy Ratio improved to 18.21% at the end of September 2023 as against 18.01% a year ago.