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via business-standard.comBusiness & Companies

IndusInd Bank posts Rs 1,242 crore Q2 profit as provisions decline sharply

FROM THE WIRE · BUSINESS-STANDARD.COM

IndusInd Bank reported a net profit of ₹1,242 crore in Q2FY27 against a loss a year ago, aided by lower provisions and higher other income, while asset quality improved

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishReturn to profit and improved asset quality are positive signals for the bank.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01IndusInd Bank reported a net profit of Rs 1,242 crore in Q2 FY27.
  2. 02It had posted a loss a year earlier.
  3. 03Lower provisions and higher other income aided the result, while asset quality improved.

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