Sensex off day#39;s high, Nifty breaks 11,600; IndusInd Bank dips post Q1

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IndusInd Bank Earnings

Private sector lender IndusInd Bank reported a healthy growth in June quarter earnings after merger of Bharat Financial Inclusion with itself. Hence numbers are not comparable YoY.

Net profit of combined entity stood at Rs 1,432.5 crore for the quarter ended June 2019, rising 38.3 percent compared to Rs 1,036 crore in same period last year.

Net interest income, the difference between interest earned and interest expended, grew by 34 percent to Rs 2,844 crore year-on-year.

Asset quality slightly weakened on sequential basis.

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IndusInd Bank Earnings

Private sector lender IndusInd Bank reported a healthy growth in June quarter earnings after merger of Bharat Financial Inclusion with itself. Hence numbers are not comparable YoY.

Net profit of combined entity stood at Rs 1,432.5 crore for the quarter ended June 2019, rising 38.3 percent compared to Rs 1,036 crore in same period last year.

Net interest income, the difference between interest earned and interest expended, grew by 34 percent to Rs 2,844 crore year-on-year.

Asset quality slightly weakened on sequential basis.