Indian Banks Q2 Profit Growth
Indian banks report strong profit growth and improved asset quality in the second quarter.
Timeline
- IndusInd Bank posts profit of ₹1,242 crores in Q2; asset quality improvement and interest income drives growth
- Private banks post good Q2 profit growth, asset quality improves
- Rate hike unlikely to significantly hit asset quality, says Indian Bank MD
- IDFC First Bank Q2 PAT rises 197% to ₹1,045 crore on lower provisions
- JK Cement Q2 Results: Net Profit Rises 7.8% To Rs 173 Crore; Paints Arm To Invest Rs 130 Crore In Telangana Plant
- AU Small Finance Bank Q2 profit jumps 53% to 858 crore
- Kotak Mahindra Bank Q2 net up 26% on higher income and better asset quality