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IndusInd Bank’s September Quarter Profit Rises 25%


IndusInd Bank’s September Quarter Profit Rises 25%

IndusInd Bank’s interest income rises about 21% to Rs 42.08 billion in the second quarter.

IndusInd Bank Ltd posted a 25 per cent rise in its second-quarter net profit, helped by higher interest income.

Net profit rose to 8.80 billion rupees ($12.3 million) for the quarter ended September 30, the sixth largest Indian private sector lender by assets said on Thursday.

Gross bad loans as a percentage of total loans stood at 1.08 per cent in the September quarter, compared with 1.09 per cent in the June quarter and 0.90 per cent a year earlier.

Interest earned by the bank rose about 21 percent in the quarter to 42.08 billion rupees.

© Thomson Reuters 2017

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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