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IndusInd Bank Q2 Profit Rises 4.6% To 920 Crore Rupees

Interest earned rose 29.2 percent to 54.38 billion rupees.
Interest earned rose 29.2 percent to 54.38 billion rupees.

IndusInd Bank Ltd posted a 4.6 percent rise in second-quarter profit on Monday, helped by higher interest income.

Net profit was 9.20 billion rupees ($124.36 million) for the quarter ended Sept. 30, compared with 8.80 billion rupees a year earlier, the private sector lender said in a statement.

Gross bad loans as a percentage of total loans stood at 1.09 percent at end-September, compared with 1.15 percent in the previous quarter and 1.08 percent a year earlier.

Interest earned rose 29.2 percent to 54.38 billion rupees.

© Thomson Reuters 2018

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