Earnings Review: IndusInd Bank PAT slumps 39% on year as provisions surge
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Earnings Review

IndusInd Bank PAT slumps 39% on year as provisions surge

IndusInd Bank's net profit fell 39% on year in Oct-Dec due to a surge in provisions. The private sector lender's provisions in the reporting quarter almost doubled from a year ago, rising 86.6% on year to INR 17.44 billion. Sequentially, however, these were down 4.2%.

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