You are here: Home » Reuters » News
Business Standard

IndusInd Bank third-quarter net profit jumps 25 percent

Reuters 

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. http://bit.ly/2mqTC6WGross 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. ...

This article is no longer available in our repository.

There could be multiple reasons for this.

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