IndusInd Bank second-quarter profit rises 25 percent
Thu Oct 12 2017
Rajesh Sharma (2002 articles)

IndusInd Bank second-quarter profit rises 25 percent

IndusInd Bank Ltd (INBK.NS) posted a 25 percent 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 Sept. 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 percent in the September quarter, compared with 1.09 percent in the June quarter and 0.90 percent a year earlier.

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

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.


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