Thu. Dec 3rd, 2020

Fxtriangle | Market analysis | Managed trading

Fxtriangle will make Fx trading look easy.

IndusInd Bank in loss

1 min read

IndusInd bank announced a year-on-year loss of 16.18% in profit at Rs. 301.84 crore for the quarter ended March 31.

The net interest income (NII) increased 44.62 per cent on a yearly basis to Rs 3,211.19 crore.

IndusInd Bank NSE -1.10 % missed Street expectations as the provisions for bad loans and upcoming contingencies spiked, while asset quality deteriorated.

Asset quality of the lender deteriorated sequentially. Percentage of gross non-performing assets (NPA) stood at 2.45 per cent in the March quarter against 2.18 per cent as of December 31, 2019. The figure stood at 2.10 per cent in the same period last year. IndusInd Bank said it recognised a few weak non-performing accounts in the Jan-March period. It made a floating provision of Rs 260 crore during the quarter, the lender said. Credit card GNPA is seen at 1.97 per cent.

The bank said deposits grew 4 per cent overall, despite some large government deposit withdrawals during the quarter, especially after YES Bank collapsed.


Leave a Reply

Forex trading and any instruments related to Foreign Exchange Market are Speculative and carry substantial risk of loss of either partial equity or the entire deposit amount. Leverage adds up to the risk, before considering to invest in this venture, you should first consider your financial position and may seek the help of an independent financial advisor. FXtriangle dis-recommends the usage of loan instruments to trade in this market as it can hamper financial position. Please do not invest the money that you cannot afford to lose. FXtriangle provides all its services throughout the Globe Excluding (Nigeria, British Virgin Island & the Islamic Republic of Iran) and also provides limited service in some jurisdictions where investment in Overseas markets / Fx Exchanges are prohibited by Law If you are not sure to contact us before using any of our services. FXtriangle acts as an Independent Corporate Financial Advisor and connects you to various overseas exchanges and cannot be held liable for any financial damage occurring through their side. All of our partnered institutions are regulated in various jurisdictions.FXtriangle conducts an independent background check before partnering with any institutions to fulfill your investment objectives smoothly. The usage of our Business name, Logo or any trademark in any financial forum, website, review website, complaint arena, Billboards without our written permission will attract lawsuits.