<p>Private sector lender IndusInd Bank on Tuesday reported a 30 per cent rise in net profit at Rs 2,124 crore for the June quarter, helped by a decline in bad loans.</p>.<p>The private sector lender had posted a net profit of Rs 1,631 crore in the year-ago period.</p>.<p>Total income in the first quarter of the current fiscal rose to Rs 12,939 crore from Rs 10,113 crore in the same period a year ago, IndusInd Bank said in a regulatory filing.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/business/business-news/hdfc-bank-q1-net-profit-jumps-29-to-rs-12370-crore-1237795.html">HDFC Bank Q1 net profit jumps 29% to Rs 12,370 crore</a></strong></p>.<p>Interest earned by the bank grew to Rs 10,730 crore over Rs 8,182 crore in June 2022.</p>.<p>The bank's asset quality showed improvement as gross Non-Performing Assets (NPAs) declined to 1.94 per cent of gross advances at the end of the June quarter from 2.35 per cent a year ago.</p>.<p>Similarly, net NPAs or bad loans, eased to 0.58 per cent as against 0.67 per cent in the year-ago period.</p>.<p>Capital adequacy ratio of the bank increased to 18.40 per cent from 18.14 per cent in the same quarter of FY23.</p>
<p>Private sector lender IndusInd Bank on Tuesday reported a 30 per cent rise in net profit at Rs 2,124 crore for the June quarter, helped by a decline in bad loans.</p>.<p>The private sector lender had posted a net profit of Rs 1,631 crore in the year-ago period.</p>.<p>Total income in the first quarter of the current fiscal rose to Rs 12,939 crore from Rs 10,113 crore in the same period a year ago, IndusInd Bank said in a regulatory filing.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/business/business-news/hdfc-bank-q1-net-profit-jumps-29-to-rs-12370-crore-1237795.html">HDFC Bank Q1 net profit jumps 29% to Rs 12,370 crore</a></strong></p>.<p>Interest earned by the bank grew to Rs 10,730 crore over Rs 8,182 crore in June 2022.</p>.<p>The bank's asset quality showed improvement as gross Non-Performing Assets (NPAs) declined to 1.94 per cent of gross advances at the end of the June quarter from 2.35 per cent a year ago.</p>.<p>Similarly, net NPAs or bad loans, eased to 0.58 per cent as against 0.67 per cent in the year-ago period.</p>.<p>Capital adequacy ratio of the bank increased to 18.40 per cent from 18.14 per cent in the same quarter of FY23.</p>