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IndusInd Bank third-quarter net profit jumps 25 percent


- Ltd said on Thursday third-quarter net profit rose nearly 25 percent, helped by higher interest

Net profit climbed to 9.36 billion rupees ($146.87 million) in the quarter ended Dec. 31, from 7.51 billion rupees a year ago, the country's sixth-largest private sector lender by assets said.

Gross bad loans as a percentage of total loans stood at 1.16 percent at end-December, compared with 1.08 percent in the previous quarter and 0.94 percent a year ago.

Interest earned by the jumped about 16 percent in the quarter to 42.87 billion rupees.

($1 = 63.7300 Indian rupees)

(Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Sherry Jacob-Phillips)

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

First Published: Thu, January 11 2018. 13:58 IST