IndusInd Bank swings to ₹1,242 crore profit in September quarter

IndusInd Bank reported a net profit of ₹1,242 crore for the July-September quarter, up 20% sequentially, against a loss a year earlier caused by microfinance provisions and write-offs. Net interest income rose to ₹4,569 crore from ₹4,409 crore and gross NPAs improved to 2.73% from 3.60%, while the net interest margin slipped to 3.23%.