Business Standard

IndusInd Bank Q3 profit rises 5% from Rs 936 crore to Rs 985 crore

Interest earned rose 34.4 per cent to Rs 57.63 billion

IndusInd Bank

The bank remains positive on its NPA outlook and said that asset quality would be stable

Reuters

IndusInd Bank Ltd reported a 5.2 per cent rise in third-quarter profit on Wednesday, helped by higher interest income.

Net profit was Rs 9.85 billion ($139.65 million) for the quarter ended Dec. 31, compared with Rs 9.36 billion a year earlier, the bank said.

Interest earned rose 34.4 per cent to Rs 57.63 billion.

Gross bad loans as a percentage of total loans stood at 1.13 per cent at the end of December, compared with 1.09 per cent in the previous quarter and 1.16 per cent a year earlier.

 

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jan 09 2019 | 2:32 PM IST

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