IndusInd Bank announced Q2FY25 results Deposits crosses Rs 4 trillion mark, grew by 15% YoY to Rs 4,12,317 crore from Rs 3,59,548 crore. Loans grew by 13% YoY to Rs 3,57,159 crore from Rs 3,15,454 crore. Net Interest Income (NII) grew by 5% YoY to Rs 5,347 crore from Rs 5,077 crore. NIM at 4.08% as compared to 4.29% for Q2FY24 and 4.25% for Q1FY25. Gross NPA and Net NPA ratios stands at 2.11% and 0.64% against 1.93% and 0.57% YoY respectively and PCR at 70% as at Q2FY25. The Bank, as a prudent measure, increased contingent provision buffer by Rs 525 crore during the quarter. Net Profit at Rs 1,331 crore for Q2FY25 as compared to Rs 2,202 crore at Q2FY24. Net Profit for Q2FY25 adjusted for increase in contingent provision buffer was at Rs 1,725 crore. Sumant Kathpalia, Managing Director & CEO, IndusInd Bank said: "The Indian economy continued resilient performance despite increasingly turbulent global landscape. The Banking industry however has seen continued competitive intensity for deposits and divergent trends for growth and asset quality in unsecured loans versus secured loans. IndusInd Bank too aligned its strategy focusing on ramping up retail deposit mobilization, maintaining traction on secured loans, de-growing unsecured loans and building conservative buffers on provisions. The outcomes for Q2 were evident in deposit growth of 15% YoY ahead of loan growth of 13% YoY. The NNPAs were stable at 0.64% with 70% provision coverage ratio. The Profit After Tax at Rs 1,331 crore lower by 40% YoY as we build contingent provision buffer this quarter. The Capital Adequacy remains healthy at 16.51% and Liquidity Coverage at 118 % well above regulatory thresholds. The Bank thus has strengthened the balance sheet during the quarter and will look towards growth acceleration in tandem with underlying economy." Result PDF