{"id":275814,"date":"2019-05-23T06:32:04","date_gmt":"2019-05-23T06:32:04","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=275814"},"modified":"2019-05-23T06:32:04","modified_gmt":"2019-05-23T06:32:04","slug":"indusind-bank-q4-profit-plunges-62-pc-ilfs-exposure-takes-toll","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indusind-bank-q4-profit-plunges-62-pc-ilfs-exposure-takes-toll\/","title":{"rendered":"IndusInd Bank Q4 profit plunges 62 pc; IL&amp;FS exposure takes toll"},"content":{"rendered":"<p>IndusInd Bank Wednesday reported 62 per cent fall in net profit at Rs 360 crore for the March quarter 2018-19 due to higher provisioning for loans extended to IL&amp;FS. Its profit in the year-ago period stood at Rs 953 crore.<\/p>\n<p>The private sector lender has a total exposure of Rs 3,004 crore to IL&amp;FS Group, of which Rs 2,000 crore is to the holding company and Rs 1,004 crore to operating companies\/ special purpose vehicles.<\/p>\n<p>The entire exposure to IL&amp;FS was classified as non performing asset (NPA) in the fourth quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IndusInd Bank Wednesday reported 62 per cent fall in net profit at Rs 360 crore for the March quarter 2018-19 due to higher provisioning for loans extended to IL&amp;FS. Its profit in the year-ago period stood at Rs 953 crore. The private sector lender has a total exposure of Rs 3,004 crore to IL&amp;FS Group, of which Rs 2,000 crore is to the holding company and Rs 1,004 crore to operating companies\/ special purpose vehicles. The entire exposure to IL&amp;FS was classified as non performing asset (NPA) in the fourth quarter.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,197,138],"tags":[],"class_list":["post-275814","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/275814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=275814"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/275814\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=275814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=275814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=275814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}