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IndusInd Bank third-quarter net profit jumps 25 percent


REUTERS - IndusInd Bank Ltd said on Thursday third-quarter net profit rose nearly 25 percent, helped by higher interest income.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. 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 bank jumped about 16 percent in the quarter to 42.87 billion rupees. ...

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