By laksh5382 
IndusInd Bank Q2 Results: Private sector lender IndusInd Bank on Thursday, October 24 reported a 39.5 per cent year-on-year (YoY) decline in consolidated net profit. 1,331.29 crore for the September quarter of the current financial year (Q2FY25). The bank had registered profit in the same quarter last year 2,202.16 crore.
The bank said its net profit for Q2FY25 was adjusted for the increase in contingent provision buffer, which was 1,725 crores.
Net interest income (NII) for the quarter was 5,347 crore, a 5 per cent YoY growth, while the net interest margin (NIM) came in at 4.08 per cent as against 4.29 per cent in the same quarter last year and 4.25 per cent for Q1FY20.
The bank said its NIM declined as it reduced the share of microfinance loans in total loans.
(more to come)