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IndusInd Bank Fourth-Quarter Net Profit Rises To Rs 752 Crore

IndusInd Bank Fourth-Quarter Net Profit Rises To Rs 752 Crore

IndusInd Bank, India's sixth-biggest private sector lender by assets, reported a 21 per cent rise in its fourth-quarter profit on higher interest income, while its bad-loan ratio eased sequentially.

Net profit rose to Rs 752 crore for the quarter ended March 31, from Rs 620 crore a year earlier, the Mumbai-based lender said on Wednesday.

Gross bad loans as a percentage of total loans fell to 0.93 per cent at end-March, from 0.94 per cent as of end-December.