The troubled IndusInd Bank reported 64.3% fall in net profits to Rs.510 crore for the Jun-20 quarter. Though it is a fall, it is better than the consensus estimates. Net interest income or NII was nearly 14% higher at Rs.3309 crore. Even the provisions for the Jun-20 quarter were marginally lower on a sequential basis at Rs.2259 crore.

There are concerns on the bad debts front. Gross NPAs saw a spike to 2.53% in the Jun-20 quarter even through the net NPAs were lower at 0.86%. However, analysts are worried that the true picture may be worse. The bank board approved infusion of Rs.500 crore by a leading FPI, Route One Capital. Hinduja family is looking to increase its stake in the bank.