IndusInd Bank Q2 profit rises 25 per cent



IndusInd Bank Q2 profit rises 25 per cent
By: Ritika shree
12 Oct 2017


NEW DELHI: IndusInd Bank Limited 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 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.









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