HomeEarnings NewsIndusInd Bank Q3 profit rises 5% on higher interest income

IndusInd Bank Q3 profit rises 5% on higher interest income

Net profit was Rs 985 crore($139.65 million) for the quarter ended December 31, compared with Rs 936 crore a year earlier, the bank said.

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By Reuters January 9, 2019, 4:07:07 PM IST (Updated)

IndusInd Bank Q3 profit rises 5% on higher interest income
IndusInd Bank Ltd reported a 5.2 percent rise in third-quarter profit on Wednesday, helped by higher interest income.


Net profit was Rs 985 crore($139.65 million) for the quarter ended Dec. 31, compared with Rs 936 crore a year earlier, the bank said.

Interest earned rose 34.4 percent to Rs 5,763 crore.

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