IndusInd Bank third-quarter profit rises 5 percent
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(Reuters) - IndusInd Bank Ltd reported a 5.2 percent rise in third-quarter profit on Wednesday, helped by higher interest income.
Net profit was 9.85 billion rupees ($139.65 million) for the quarter ended Dec. 31, compared with 9.36 billion rupees a year earlier, the bank said https://www.bseindia.com/xml-data/corpfiling/AttachLive/866c2f88-c3e2-49b4-84fd-c68177f39122.pdf.
Interest earned rose 34.4 percent to 57.63 billion rupees.
Gross bad loans as a percentage of total loans stood at 1.13 percent at the end of December, compared with 1.09 percent in the previous quarter and 1.16 percent a year earlier.
($1 = 70.5360 Indian rupees)
(Reporting by Chris Thomas in Bengaluru; Editing by Subhranshu Sahu)
