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IndusInd Bank posts 4.6% rise in profit in second quarter

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The company's net profit was Rs 920 crore ($124.36 million) for the quarter that ended on September 30, compared with Rs 880 crores a year earlier.

IndusInd Bank Ltd posted a 4.6 percent rise in second-quarter profit on Monday, helped by higher interest income.
Net profit was Rs 920 crore ($124.36 million) for the quarter that ended on September 30, compared with Rs 880 crores 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 Rs 5438 crore.