Indusind Bank reported 5.21% YOY rise in profit at Rs 985 cr. The bank reported a net profit of Rs 936 cr in the same quarter last year.
NII for the quarter stood at Rs 2287 cr. Gross NPA's for the quarter came in at 1.13 % against 1.09% in the previous quarter.
The management of the company said that, " Since October 1, certain governance and management changes have taken place in this group and measure to turn it around through resolution plan are undemay. The banks management is monitoring the development and implications of the resolution plan. "