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IndusInd Bank first-quarter profit rises 27 percent; interest income up


REUTERS - IndusInd Bank Ltd posted a nearly 27 percent increase in quarterly net profit, helped by higher interest income.Net profit was 8.37 billion rupees ($129.73 million) in its fiscal first quarter ended June 30, compared with 6.61 billion rupees a year earlier, the sixth-largest Indian private sector lender by assets said on Tuesday. ( earned by the company rose about 22 percent to 41.36 billion rupees in the quarter.($1 = 64.5175 Indian rupees) (Reporting by Jessica Kuruthukulangara and Tanvi Mehta in Bengaluru; Editing by Subhranshu Sahu and Biju ...

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First Published: Tue, July 11 2017. 13:10 IST