Compared to Yes Bank, this can be termed as a “superlative” performance by Indusind Bank. Except for the one time provisioning of Rs.122 crore for Jaiprakash’s cement asset, which was sold to Ultra Tech, the Bank has actually done pretty well. The Bank said in the ensuing Press Conference that this Rs,122 crore provisioning could be reversed in a month’s time.

Its total provisioning rose 59% (QoQ) and 101% (YoY) at Rs.430 crore, which as one can see, comes mainly from JP group’s Rs.122 crore exposure.

rovisions and contingencies jumped 101.32% to Rs430.13 crore in the quarter from Rs213.66 crore in the same quarter last year.

Its asset quality was actually stable. Gross NPA fell by just 1 bps to 0.93% and Net NPA was status quo at 0.39%.

In terms of profitability, its net profit during the quarter rose 21% (YoY) at Rs.752 crore and this was on the back of a 31% jump in NII at Rs.1667 crore, a good 33% rise in other income.