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Should you buy, sell or hold IndusInd Bank after Q1 results?
IndusInd Bank reported a 61 per cent jump in net profit at Rs 1,631.02 crore for the quarter ended June 2022, mainly due to a fall in bad loans. The private sector lender had posted a net profit of Rs 1,016.11 crore in the year-ago period.In the first quarter of the current fiscal, the bank's total income increased to Rs 10,113.29 crore as against Rs 9,298.07 crore in the same period a year ago. Interest income in the June quarter rose 9.5 per cent to Rs 8,181.77 crore.