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IndusInd Bank fourth-quarter net profit rises

Reuters 

- Bank, India's sixth-biggest private sector lender by assets, reported a 21 percent rise in its fourth-quarter profit on higher interest income, while its bad-loan ratio eased sequentially.

Net profit rose to 7.52 billion rupees ($116.4 million) for the quarter ended March 31, from 6.20 billion rupees a year earlier, the Mumbai-based lender said on Wednesday. (http://bit.ly/2oreRDQ)

Gross bad loans as a percentage of total loans fell to 0.93 percent at end-March, from 0.94 percent as of end-December.

($1 = 64.5900 Indian rupees)

(Reporting by Tanvi Mehta in Bengaluru; Editing by Amrutha Gayathri)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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IndusInd Bank fourth-quarter net profit rises

REUTERS - IndusInd Bank, India's sixth-biggest private sector lender by assets, reported a 21 percent rise in its fourth-quarter profit on higher interest income, while its bad-loan ratio eased sequentially.

- Bank, India's sixth-biggest private sector lender by assets, reported a 21 percent rise in its fourth-quarter profit on higher interest income, while its bad-loan ratio eased sequentially.

Net profit rose to 7.52 billion rupees ($116.4 million) for the quarter ended March 31, from 6.20 billion rupees a year earlier, the Mumbai-based lender said on Wednesday. (http://bit.ly/2oreRDQ)

Gross bad loans as a percentage of total loans fell to 0.93 percent at end-March, from 0.94 percent as of end-December.

($1 = 64.5900 Indian rupees)

(Reporting by Tanvi Mehta in Bengaluru; Editing by Amrutha Gayathri)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

IndusInd Bank fourth-quarter net profit rises

- Bank, India's sixth-biggest private sector lender by assets, reported a 21 percent rise in its fourth-quarter profit on higher interest income, while its bad-loan ratio eased sequentially.

Net profit rose to 7.52 billion rupees ($116.4 million) for the quarter ended March 31, from 6.20 billion rupees a year earlier, the Mumbai-based lender said on Wednesday. (http://bit.ly/2oreRDQ)

Gross bad loans as a percentage of total loans fell to 0.93 percent at end-March, from 0.94 percent as of end-December.

($1 = 64.5900 Indian rupees)

(Reporting by Tanvi Mehta in Bengaluru; Editing by Amrutha Gayathri)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22