IndusInd Bank first-quarter profit rises 27 percent; interest income up

 IndusInd Bank Ltd (INBK.NS) posted a nearly 27 percent increase in quarterly net profit, helped by higher interest income.

Net profit was 8.37 billion rupees ($ 129.73 million) in its fiscal first quarter ended June 30, compared with 6.61 billion rupees a year earlier, the sixth-largest Indian private sector lender by assets said on Tuesday. (bit.ly/2tIuWsY)

Interest earned by the company rose about 22 percent to 41.36 billion rupees in the quarter.