The bank's total income rose by 16.06 per cent to Rs 5,473.54 crore in the third quarter compared with the same period previous year, but the net interest margins (NIMs) remained flat at 3.99 per cent. The company posted net profit at INR 936.25 crore for December quarter.
Mini trots out new 3-door, 5-door, and convertible
There are also new exterior colors, like Emerald Grey metallic, Starlight Blue metallic, and Solaris Orange metallic. Wireless charging is making its way into many new cars nowadays, and the Mini adds it as an option for 2019 as well.
Commenting on the performance, IndusInd Bank MD & CEO Romesh Sobti said: "The bank has continued to show a steadfast performance again in this quarter".
Net interest income (NII), or the core income a bank earns by giving loans, increased 20.04% to Rs1,894.81 crore versus Rs1,578.42 crore past year.
New Aadhaar Virtual ID To Disclose Only Selective Information As Required
Virtual IDs ( VID ) is a 16-digit code that can mask one's Aadhaar number for a temporary period was introduced. UIDAI has introduced Virtual ID ( VID ) that is a 16-digit randomly generated number.
However, the company's bad loans portfolio increased with the net NPA (non-performing assets) level at 0.46 per cent, up from 0.39 per cent reported during the corresponding period of 2016-17 and 0.44 in the second quarter of 2017-18. The bank's capital adequacy remained strong for Q3FY18 at 15.83 per cent compared to 15.31 in the previous year's corresponding quarter. Gross and NPAs were at ₹1,784.31 crore and ₹1,262.96 crore, respectively in Q3 of 2017-18 against ₹1,560.23 crore and ₹1,065.66 crore in third quarter of 2016-17, respectively. Karnataka Bank shares were trading higher by 2.52 per cent at Rs 166.80 on the BSE.
Sobti added, "We have maintained a stable quality loan book". IndusInd bank's provisions and contingencies rose to Rs 236.16 crore in the third quarter compared with Rs 216.85 crore in the same period previous year. Fee income, too, grew 22 per cent to Rs 1,076.51 crore.
Trump says he would beat Oprah in 2020
Even former Vice President Joe Biden, if he chooses to run, would have to pull in more than party insiders to win, he said. And after some pushing and prodding from her co-anchors, King said she agreed. "I know her very well".