IndusInd Bank returns to profit with ₹1,242 crore in Q2

IndusInd Bank posted a net profit of ₹1,242 crore for the September quarter, up 20% sequentially, compared with a loss a year earlier caused by microfinance provisions and write-offs. Net interest income rose to ₹4,569 crore from ₹4,409 crore. Gross NPA ratio improved to 2.73% from 3.60%, though net interest margin slipped to 3.23% from 3.32%.