IndusInd Bank Share Price Surges 2.66% on January 13, 2025

IndusInd Bank Limited is in focus on Monday. On January 13, 2025, IndusInd Bank share price opened at ₹936.90, down from its previous close of ₹937.60. However, at 11:04 AM, the share price of IndusInd Bank was trading at ₹962.50, up by 2.66% on the NSE. As of the same time, the stock touched its day’s high at ₹973.50.

In December 2024, IndusInd Bank celebrated its 30th anniversary, marking three decades of leading technological advancements and digital innovations that have shaped the future of banking in India. To commemorate this milestone, the Bank announced its partnership with India Post to launch Customised My Stamps.

Financial Highlights for the Quarter ended September 30, 2024

For the quarter ended September 30, 2024, Net Interest Income stood at ₹5,347 crore, marking a 5% YoY growth. The Net Interest Margin (NIM) for Q2 FY 2025 was 4.08%, compared to 4.29% in Q2 FY 2024 and 4.25% in Q1 FY 2025. The decrease in NIM was primarily due to a reduction in the share of microfinance loans in the overall loan portfolio.

The Yield on Assets remained consistent at 9.69% for both the quarter ended September 30, 2024, and the same period in the previous year. The Cost of Funds increased to 5.61%, from 5.40% in the corresponding quarter of the previous year.

Other income for the quarter was ₹2,185 crores, compared to ₹2,282 crores in the same quarter last year. Core Fee income was ₹2,125 crores, slightly higher than ₹2,120 crores reported in the corresponding quarter of the previous year.

Operating expenses for the quarter were ₹3,932 crores, up from ₹3,450 crores in the same quarter of the previous year.

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