IndusInd Bank Q1 Results: Profit Jumps 47% As Provisions Decline; NII Up Marginally

IndusInd Bank reported a 47% jump in Q1 profit due to a decline in provisions.

Net Interest Income (NII) rose marginally by 1% to Rs 4,685 crore from Rs 4,640 crore year-on-year.

The bank's financial performance was driven by lower provisioning for bad loans.