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IndusInd Bank Ltd.’s gross slippages amounted to Rs 22.50 billion (annualised slippage ratio of 3.6%) and recoveries and upgrades amounted to Rs 6.04 billion.
Net interest margin at 4.21% inched up 1 basis points QoQ aided by a slightly higher rise in yield on assets compared with that for cost of funds.
IndusInd Bank’s advances grew 3.7%/17.7% QoQ/YoY driven sequentially by mid and small corporates and few retail segments.
Total opex rose 4.0%/20.1% QoQ/YoY, employee expenses rose 0.3%/8.6% QoQ/YoY and other expenses rose 5.3%/24.5% QoQ/YoY.
Core fee income rose 8.6%/47.1% QoQ/YoY driven sequentially by general banking fees.
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